Suzuki Motor Corporation
Notice of Disposal of Treasury Shares as Restricted Stock Compensation
Introduced a restricted stock compensation plan for employees and allocated 400,560 treasury shares at 2,059.5 yen per share, with payment due on 2027-07-01. Dilution is minimal at 0.02% of outstanding shares. 20,028 beneficiaries will receive the allocated shares through contribution in kind.
Key Figures
- 400,560 shares: Number of allocated shares
- 2,059.5 yen: Disposal price
- 824,953,320 yen: Total disposal amount
- 20,028 people: Number of beneficiaries
- 0.02%: Dilution rate
AI要約
Overview
Suzuki Motor Corporation has introduced a restricted stock compensation plan for employees, and the board of directors resolved today to allocate 400,560 treasury shares as restricted stock compensation. The payment due date is 2027-07-01, the disposal price is 2,059.5 yen per share, and the total amount is 824,953,320 yen. The beneficiaries number 20,028 and will receive allocations by contribution in kind. The restriction period runs from 2027-07-01 to 2032-06-30. The lifting of transfer restrictions at the end of the period is, in principle, conditioned on the beneficiary continuing to hold the status of shareholder-employee.
Impact on Shareholders and Implementation Conditions
Dilution is expected to be minimal at 0.02% against 1,964,586,400 outstanding shares and is judged reasonable given the objectives of the plan. Monetary remuneration claims will be granted to beneficiaries, and specific restricted shares will be allocated when beneficiaries contribute these claims as contribution in kind. Provisions are also set for free reacquisition of shares upon resignation during the restriction period and special treatment in the event of organizational restructuring.
Suzuki Motor Corporation
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