TOKYO, May 14 (Pulse News Wire) – ASAHI RUBBER INC. (5162.T) announced today that its board approved extending and partially revising its performance-based stock compensation plan for directors, excluding certain positions, effective from fiscal 2026 through 2031.
The revised plan includes delivering shares annually based on fixed points and short-term performance metrics, while medium-term performance-linked shares will be distributed upon completion of the mid-term business plan. Under the updated scheme, the trust period will extend until March 31, 2031, with the total amount allocated capped at 80 million yen per year multiplied by the number of years in the target period.
Directors will receive shares corresponding to their roles and performance achievements, subject to vesting restrictions until retirement from their positions. Details on the total value of shares expected to be delivered during the new five-year period will be disclosed once finalized.
Additionally, the company plans to hold a shareholders' meeting on June 26 to seek approval for these changes.
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