Food & Life Companies Ltd.
Notice Regarding Grant of Stock Options with Stock Price Conditions
The Company will grant 602 stock options with stock price conditions to directors and executive officers to enhance corporate value and promote shared value between management and shareholders.
Key Figures
- Total Number of Stock Acquisition Rights: 602 units
- Recipients: 1 Director, 15 Executive Officers
- Exercise Price: 1 yen × number of granted shares (400 shares)
- Exercise Period: 2026-01-15 to 2066-01-14
AI要約
Details of Stock Options
The recipients will be allocated a total of 602 stock acquisition rights, consisting of 175 units to one director (excluding audit & supervisory committee members and outside directors) and 427 units to 15 executive officers. Each stock acquisition right corresponds to 400 common shares of the Company, with an exercise price set at 1 yen per share. The exercise period is from January 15, 2026, to January 14, 2066. Exercising the rights is only possible in a lump sum, with the vesting rate linked to relative TSR, having a lower limit between 16.60% and 27.66%. The exercise of rights is limited to within 10 days from the day after the recipient loses the position of director or executive officer. Transfer requires board approval. Provisions for treatment in the event of corporate restructuring are also defined.
Purpose and Expected Effects of the Program
This stock-price-conditioned stock option plan is introduced as a medium- to long-term incentive program that links the remuneration of the targeted directors and others to the Company’s performance and stock price, thereby promoting sustainable enhancement of corporate value and shared value between management and shareholders. This is expected to improve management motivation, align with shareholder interests, and contribute to corporate value enhancement.
