Hokko Chemical Industry Co., Ltd.
Notice Regarding the Finalization of Details of the Performance-Linked Stock Compensation Plan for Our Directors
Trust of JPY 287,000,000 will be established and 160,000 shares of treasury stock will be acquired to start a performance-linked stock compensation plan for executives from May 8, 2026.
Key Figures
- Amount to be entrusted as funds for share acquisition: 287,000,000 yen
- Total number of shares to be acquired: 160,000 shares
- Date of conclusion of this trust agreement: 2026-05-08 (Scheduled)
AI要約
Overview of the Performance-Linked Stock Compensation Plan
Hokko Chemical Industry Co., Ltd. resolved at the Board of Directors meeting on January 13, 2026, to introduce a new performance-linked stock compensation plan for directors and executive officers, and obtained approval at the 76th Annual General Meeting of Shareholders on February 26, 2026. This plan establishes an executive stock compensation trust with Resona Bank, Ltd. as trustee, scheduled to commence on May 8, 2026. The trust period has no fixed end date and will continue as long as the plan remains in effect.
Share Acquisition at Trust Establishment and Future Developments
At the time of trust establishment, JPY 287,000,000 will be entrusted, and 160,000 shares of treasury stock will be acquired. The share acquisition will be conducted by accepting the disposal of treasury stock held by the Company. The beneficiaries are directors and others who meet the requirements set forth in the stock compensation regulations, and the trust administrator will be a third party with no conflicts of interest with the Company. This structure aims to enhance transparency and incentives of executive performance-linked compensation.
Hokko Chemical Industry Co., Ltd.
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