Furuno Electric Co., Ltd.
Notice Regarding the Introduction of Performance-Linked Post-Grant Restricted Stock Compensation Plan
Furuno Electric Co., Ltd. plans to propose at the shareholders meeting scheduled for May 21, 2026, the introduction of a performance-linked post-grant restricted stock compensation plan for eligible directors, with a maximum of 300 million yen per applicable period and a cap of 150,000 restricted shares.
Key Figures
- Total remuneration cap: 300 million yen per applicable period
- Total restricted shares cap: 150,000 shares per applicable period
- Annual cap on restricted shares: Effectively 50,000 shares per fiscal year
AI要約
Purpose and Overview of the Plan Introduction
Furuno Electric Co., Ltd. has resolved to newly introduce a “Performance-Linked Post-Grant Restricted Stock Compensation Plan” as a performance-linked remuneration system for its directors. This plan aims to promote achievement of the medium-term management plan targets and to enhance the linkage between directors’ compensation and corporate performance and stock value. Eligible directors will receive restricted shares based on performance evaluations for the applicable period, with transfer restrictions applying during the restricted period.
Conditions for Compensation and Shareholders Meeting Approval
The introduction of this plan requires the payment of monetary compensation claims to allocate restricted shares to eligible directors, for which approval will be sought at the 75th Annual General Meeting of Shareholders scheduled for May 21, 2026. The total remuneration is capped at 300 million yen per applicable period, with the restricted share allocation capped at 150,000 shares. The applicable periods cover multiple fiscal years, with actual payments not exceeding 100 million yen and 50,000 shares per fiscal year.
