Toda Corporation
Notice Regarding Continuation of Post-Grant Stock Allocation Program for Domestic Group Employee Shareholding Association
The continuation of the post-grant stock allocation program for domestic group employees has been resolved. The announcement outlines eligibility conditions, grant timing, number of shares, applicable period, and operational procedures, including the maximum of 940 eligible people and 141,000 shares.
Key Figures
- Applicable period: January 1, 2027〜December 31, 2027
- Number of shares granted per person: 150 shares
- Expected number of eligible participants: up to 940 people
- Allocated shares: up to 141,000 shares
AI要約
Program Overview and Purpose
Toda Corporation introduced a post-grant stock allocation program in March 2024 to promote asset formation and increase work motivation among domestic group employees. Today, the Board of Directors resolved to continue the program. The program is designed to encourage sharing of corporate value over the medium to long term through employee share ownership.
Eligibility, Grant Conditions and Operation
Eligible participants are domestic group employees who consent to the program and did not make contributions or withdrawals during the one-year applicable period (excluding overseas residents and those on leave). The applicable period is January 1, 2027 to December 31, 2027, and grants will be made in March following the end of the applicable period. Each person will be granted 150 shares; the expected maximum number of eligible participants is 940 people, and the total allocated shares will be up to 141,000 shares. The shares to be allocated will be accepted as in-kind contributions by the shareholding association, and the Company will allocate shares by issuing new shares or disposing of treasury stock. Administration and allocation of the shareholding association will be managed through Mitsubishi UFJ Morgan Stanley Securities.
Toda Corporation
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