Toray Industries, Inc.
Notice regarding the disposal of treasury stock as part of a restricted stock incentive plan for the Employee Stock Ownership Plan
Today, a board meeting resolution was passed to introduce a restricted stock incentive plan aimed at allocations to the Employee Stock Ownership Plan. The maximum number of shares to be disposed is 2,524,060 shares, with a disposal price cap of 1,188.5 yen per share, to be finalized according to the number of eligible employees. The restricted period runs from February 26, 2027 to May 15, 2030.
Key Figures
- Disposal shares: 2,524,060 shares
- Disposal price: 1,188.5 yen per share (upper limit)
- Dilution: 0.17%
AI要約
Overview of the制度
Toray Industries, Inc. has today resolved to introduce a restricted stock incentive plan for the Employee Stock Ownership Plan. Under this system, a special incentive cash amount will be provided as a monetary claim to eligible employees, and the ESOP will contribute the shares as in-kind assets. Issuance and disposal of shares will be conducted through the ESOP, with provisions for setting and lifting transfer restrictions and for free acquisition. The target employee pool is up to 10,430 people, with up to 2,524,060 shares anticipated for allocation.
Calculation of disposal amount and independence
The disposal amount will be the higher of the closing price on August 5, 2026 (1,188.5 yen) and the closing price on the immediate trading day before the condition-setting date, to ensure a reasonable amount free from arbitrariness. The expected dilution from the allocation program is 0.17%, and five outside auditors have confirmed legality and reasonableness.
Toray Industries, Inc.
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