Suruga Bank Ltd.
[Suruga Bank] Continuation of Long-Term Incentive System | May 2026
Suruga Bank has resolved to continue its stock-based compensation system for executive employees, extending the use of the ESOP trust introduced in FY2023 until August 2026, as a long-term incentive.
Key Figures
- Additional Trust Amount: 116 million yen (including trust fees and expenses)
- Trust Period: August 2023 to August 2026 (with plans for extension)
- Scheduled Share Acquisition Date: May 22 to June 19, 2026
AI要約
Overview of the System
Suruga Bank resolved to continue its stock-based compensation system introduced in FY2023, aiming to improve engagement among senior management and enhance long-term corporate value. The system uses trusts modeled after U.S. ESOP schemes, providing shares and cash upon retirement. The trust period is from August 2023 to August 2026, with plans for additional contributions and extensions.
Details of the System and Future Outlook
Under the trust agreement, funds are entrusted to acquire Suruga Bank's common stock from the stock market. Shares and cash are delivered to qualifying senior management when certain retirement or other conditions are met, and voting rights are exercised under the instructions of the trust manager. After trust termination, remaining shares and assets, minus trust expenses, belong to the company, with any excess assets planned to be donated.
Suruga Bank Limited
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