Septeni Holdings Co., Ltd.
Notice Regarding Continuation and Partial Revision of Performance-Linked Stock Compensation Plan for Directors
Septeni Holdings Co., Ltd. plans to extend the trust period of its performance-linked stock compensation plan for directors until May 2029, with an upper limit on trust funds of 2,469 million yen and a maximum of 6.87 million points granted. The revision will also add outside directors as eligible recipients and is scheduled for approval at the March 2026 shareholders meeting.
Key Figures
- Upper Limit of Trust Funds: 2,469 million yen (2,439 million yen for executive directors, 30 million yen for outside directors)
- Maximum Total Grant Points: 6.87 million points (6.78 million points for executive directors, 90,000 points for outside directors)
- Trust Period: May 2026 to May 2029 (planned)
AI要約
Background of Continuation and Revision
Septeni Holdings Co., Ltd. has decided to extend and continue the performance-linked stock compensation plan for directors, introduced in fiscal 2017, by extending the trust period, which expires in May 2026, until May 2029. To enhance the linkage between compensation and business performance towards achieving the medium-term management plan (FY2026-2028), the plan will be partially revised to include outside directors as eligible participants. This will be submitted for approval at the ordinary general meeting of shareholders on March 25, 2026.
Details of Revision and Future Operation
In the revised plan, the upper limit of trust funds is raised to 2,469 million yen, and the maximum grant points are increased to 6.87 million. Shares will be granted based on basic points related to position and performance-linked points. The shares issued will be subject to transfer restrictions and will not carry voting rights during the trust period. Any residual shares remaining when performance targets are not met will be transferred without remuneration or canceled. Delegated executive officers of subsidiaries will also be included as eligible participants, aiming to improve the plan’s transparency and alignment with shareholder interests.
