North Pacific Bank,Ltd.
【Hokuyo Bank】 Continuation of Performance-Linked Stock Compensation System｜July 2026
Hokuyo Bank has decided to continue its performance-linked stock compensation system, introduced in 2018, at the Board of Directors meeting held on July 30, 2026. The trust period will be extended by three years, and the system content is expected to remain unchanged.
Key Figures
- Trust Agreement Period Extension: August 8, 2018 – August 31, 2026 (planned)
- Post-Extension Trust Period: August 8, 2018 – August 31, 2029
- Trust Agreement Date: August 8, 2018
AI要約
System Overview
Hokuyo Bank has introduced a performance-linked stock compensation system since fiscal year 2018, which awards stocks and cash to directors and executive officers based on their position and achievement of performance goals. The trust period for this system has been extended until August 31, 2026, with the contents of the system remaining intact. In case of stock shortages within the trust, additional acquisitions are planned to be considered. The continuation of the system aims to enhance the awareness of management's long-term commitment to improving corporate value.
Significance and Future Outlook of the System
The continuation of this system is intended to motivate directors and executive officers to enhance corporate value and support long-term management stability and growth. The trust period extension is meant to sustain the system’s effectiveness, and no additional funds will be allocated for stock acquisition. Moving forward, the system will be maintained effectively, with proper stock management and incentive provision for directors and executives.
Hokuyo Bank
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