Nishi-Nippon Financial Holdings, Inc.
Notice Regarding Partial Revision of Stock Compensation Plan
The Company has added directors and executive officers of its subsidiary Nishinippon City Bank to the stock-based benefit trust plan and set the trust contribution cap at 530 million yen for the fiscal years 2026 through 2028.
Key Figures
- Trust Contribution Cap (Fiscal Years 2026–2028): 530 million yen
- Maximum Points Granted to Eligible Directors, etc. (per fiscal year): 136,000 points
- Maximum Treasury Stock Acquisition Under This Trust (3 fiscal years): 408,000 shares (314,000 shares)
AI要約
Overview of the Revision to the Stock Compensation Plan
The Company resolved at the shareholders' meeting on June 29, 2022, to expand the stock-based benefit trust (BBT) system introduced to include directors and executive officers of Nishinippon City Bank. This plan aims to enhance the linkage between the Company’s and its subsidiaries’ executive compensation and the Company’s stock value, fostering medium- to long-term corporate value improvement. The trust period continues from September 2022, with the trust amount capped at 530 million yen over three fiscal years from the end of March 2026 through the end of March 2028.
Details and Operation of the Plan
Under this plan, the Company contributes money as trust principal, with Mizuho Trust & Banking as trustee acquiring Company shares. These shares are granted to eligible directors and others in the form of points. Each point corresponds to one share, and upon resignation, shares or cash equivalent to the market value are provided based on the final number of points. Voting rights will not be exercised based on trustee instructions, and dividends will be allocated toward trust expenses. Upon termination of the trust, remaining shares will be acquired by the Company without compensation and cancelled.
Nishinippon Financial Holdings, Inc.
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