The performance-linked stock compensation plan for directors will be continued from 2026 through 2028, with a planned revision to raise the upper limit of shares obtainable from the equivalent of 65,000 shares to 120,000 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Corporation","jir_importance":"\u2605\u2605\u2605\u2606\u2606","jir_publication_date":"2026-02-13","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/02\/7956-20260213-03.pdf","jir_short_summary":"The performance-linked stock compensation plan for directors will be continued from 2026 through 2028, with a planned revision to raise the upper limit of shares obtainable from the equivalent of 65,000 shares to 120,000 shares.","jir_summary":"### Regarding the Continuation of the Performance-Linked Stock Compensation Plan\nPigeon Corporation has resolved to continue the performance-linked stock compensation plan (BIP Trust), introduced in fiscal 2019 for directors (excluding outside directors), for three fiscal years from 2026 through 2028. This plan aims to enhance the linkage between director compensation, corporate performance, and shareholder value, thereby improving corporate value over the medium to long term. The continuation is conditional upon approval at the 69th Annual General Meeting of Shareholders scheduled for March 27, 2026.\n\n### Details of Partial Revisions to the Plan\nUnder the revision, the upper limit of shares that directors can acquire will be increased from the previous equivalent of 65,000 shares to 120,000 shares, and the cumulative limit over three fiscal years will rise from 195,000 shares to 360,000 shares. Additionally, the range of variation for the performance evaluation indicator will be expanded from the previous 0\u2013150% to 0\u2013200%, creating a compensation system that more closely reflects performance. Shares will be acquired from the market, so no dilution will occur.","jir_financial_highlights":"Upper limit on number of shares directors can acquire (per fiscal year): Before revision: Equivalent to 65,000 shares \u2192 After revision: Equivalent to 120,000 shares (Approximately 1.85 times increase)\nUpper limit on number of shares directors can acquire (cumulative over 3 fiscal years): Before revision: Equivalent to 195,000 shares \u2192 After revision: Equivalent to 360,000 shares (Approximately 1.85 times increase)\nRange of performance evaluation indicator variation: Before revision: 0\u2013150% \u2192 After revision: 0\u2013200% (Expanded)","jir_category":"","jir_hashtags":"#Pigeon, #StockOption, #PerformanceLinkedCompensation","jir_key_figures":"Upper limit on number of shares directors can acquire (per fiscal year): Equivalent to 120,000 shares (after revision)\nUpper limit on number of shares directors can acquire (cumulative over 3 fiscal years): Equivalent to 360,000 shares (after revision)\nRange of performance evaluation indicator variation: 0\u2013200% (after revision)","jir_meta_title":"Pigeon Corporation Continues and Revises Directors\u2019 Performance-Linked Stock Compensation Plan, Increasing Acquisition Limits by Approximately 1.85 Times","jir_meta_description":"Pigeon Corporation will continue its performance-linked stock compensation plan for directors from 2026 to 2028, raising the upper limit of shares obtainable from the equivalent of 65,000 shares to 120,000 shares and expanding the range of performance evaluation indicator variation.","jir_og_title":"Pigeon Continues and Revises Directors\u2019 Stock Compensation Plan","jir_og_description":"Raises the upper limit for acquiring shares under the directors\u2019 performance-linked stock compensation plan by approximately 1.85 times and continues the plan for three years from 2026.","jir_og_image_url":"\/assets\/og\/company-stock_option.jpg","jir_chart_data_collection":"[]","ir_related_company":8994,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"stock_option","footnotes":""},"sector":[],"importance":[],"class_list":["post-29128","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n