Notice Regarding Matters Concerning Acquisition of Shares under the Performance-Linked Stock Compensation Plan for Executive Officers on an Employment Basis

Overview

Marudai Food has set up a trust to implement a performance-linked stock compensation plan for executive officers on an employment basis, with Sumitomo Mitsui Trust Bank as the trustee and Japan Custody Bank as the trust re-entrustee. The plan includes details of the stock grant/acquisition through the trust, the trust period, and the trust administration framework, and outlines the schedule for the trust contract date, the date of trust funding, and the termination date.

Impact and outlook

This system grants stock-based compensation to employees in executive positions and aims to enhance shareholder returns and the competitiveness of the remuneration system. By acquiring 40,200 shares totaling about 91.29 million yen via the trust, it could enhance the effectiveness of long-term performance-linked rewards. Key points to watch include whether eligible participants meet requirements, the operation of the trust, and the policy on exercising voting rights.