Urbanet Corporation Co.,Ltd.
Notification of Partial Revision and Continuation of the Performance-Based Stock Compensation Plan
Resolution and submission for partial revision and continuation of the performance-based stock compensation plan. Rename to RS grant type, increase in contribution cap and grant points cap. Coverage period set for four business years from 2027 to 2030, with stock awards conducted via a trust method. Governance terms such as restrictions on transfer agreements clarified.
Key Figures
- 131 million yen (of which 96 million yen for directors)/fiscal year
- 248,000 points/fiscal year(of which 182,000 points for directors)
- 4 fiscal years (this target period) + additional contributions for the following 4 fiscal years
AI要約
Overview of the revision
This revision resolves to continue the executive stock grant trust (RS grant type) to strengthen the linkage between directors’ compensation and performance and stock value. Major differences before and after revision include a substantial increase in the trust fund cap and grant points cap, and a new four-year framework for the coverage period. Additionally, governance matters such as trust design and operation methods, conditions for entering transfer-restricted agreements, and non-voting rights are clarified.
Implementation and impact going forward
After shareholder approval, revisions to the stock grant regulations and changes/additional contributions to the trust are planned. Stocks within the trust are generally not transferable during the transfer-restricted period and will be terminated at retirement. Provisions regarding handling after the coverage period, remaining assets, possible cash payments, and treatment of free acquisition or cancellation of shares are also specified.
Urbanet Corporation Co.,Ltd.
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