The Hyakujushi Bank, Ltd.
Notice Regarding the Continuation of the Performance-Linked Stock Compensation System
Extend the trust period of the performance-linked stock compensation system (BIP trust for executive compensation) by 3 years and plan an additional contribution of 160 million yen. Stock acquisitions are scheduled for August 13–31, 2026, with the trust period extending to August 31, 2026. Please note the future applicability period for stock acquisitions and compensation.
Key Figures
- 追加拠出の総額: 160 百万円（予定）
- 信託期間延長: 2017年8月7日 ～ 2026年8月31日 → 延長可能: 2029年8月31日まで
- 株式の取得時期: 2026年8月13日 ～ 2026年8月31日（予定）
AI要約
Overview of the system
This system is an executive compensation scheme aimed at mid- to long-term improvement in performance and corporate value, delivering company shares to directors upon achievement of performance after retirement. This time, the trust period is extended by three years and funds for stock acquisitions are additionally contributed, anticipating future stock distributions.
Financial impact and outlook
The additional contribution amounts to 160 million yen, and stock acquisitions are planned within August 2026. With changes to the trust agreement, the extended period is expected to last until August 31, 2029. While continuation of the system strengthens incentives for long-term executive performance, its immediate impact on financial statements is not yet clear.
Company name: The Bank of Iwate, Ltd. (note: Japanese name preserved)
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