The Monogatari Corporation
Notice on the Introduction of a Performance-Linked Restricted Stock Plan
Introducing a new performance-linked restricted stock plan. For eligible directors, total annual compensation limited to 1,000 million yen; total number of shares issued limited to 160,000 shares per year. Requires shareholders' meeting approval; contracts specify restriction period and unlocking conditions. Applied to executive officers as well.
Key Figures
- Total compensation under this制度: Annual within 1,000 million yen
- Total number of common shares to be issued or disposed under this制度: Within 160,000 shares annually
- Restriction period: To be set after the reference date; specific period to be decided after shareholders' meeting approval
AI要約
Section Heading
Story Corporation has resolved to newly establish a performance-linked restricted stock plan as part of revising the director compensation system. This system grants cash-based reward rights to eligible directors and unfreezes restricted shares upon achievement of certain performance targets. Shareholders' meeting approval is required, and this is set in addition to the current compensation framework.
Section 2
Overview of the system, the eligible directors will be granted restricted stock based on a total annual compensation of up to 1,000 million yen, with the total number of issued shares limited to 160,000 shares per year. The restriction period, unlocking conditions, and position requirements are specified in the allocation agreement, designed so that restrictions may be lifted upon certain term completions or legitimate reasons. Applied to executive officers as well, and phantom stock or other alternative rewards are being considered for non-residents.
Story Corporation Co., Ltd.
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