UT Group Co.,Ltd.
Notice Regarding Finalization of Details for Employee Stock Compensation Plan
The company will allocate JPY 5,686,986,500 to acquire 26,451,100 shares of treasury stock and will start the employee stock compensation plan on March 3, 2026.
Key Figures
- Acquisition Funds: 5,686,986,500 yen (Treasury Stock Acquisition Funds)
- Number of Shares Acquired: 26,451,100 shares (Number of Treasury Shares Acquired)
- Trust Contract Date: 2026-03-03 (Trust Establishment Date)
AI要約
Overview of Employee Stock Compensation Plan
UT Group Corporation will introduce an employee stock compensation plan effective March 3, 2026, aimed at enhancing employee engagement and improving retention rates. The plan is funded by approximately JPY 5.687 billion contributed by the company, which will establish a trust to acquire 26,451,100 shares of treasury stock for allocation to employees. Points are awarded based on working hours, with up to 2 points granted per hour, and shares will be delivered twice annually based on the accumulated points.
Changes to Treasury Stock Acquisition and Disposal Policy
With the introduction of this plan, treasury stock will be acquired each quarter from the fiscal year ending March 2026 through March 2028, amounting to 30% of quarterly net income. Disposal of treasury stock will be conducted under the stock delivery regulations, considering net income during the trust period to deliver a corresponding number of shares to employees. The trust period is scheduled from March 3, 2026, to the end of June 2028, with the trustee selected as an independent third party separate from the company and its officers.
