Bitcoin Japan Corporation [8105.T]
TOKYO, Jun 05 (Pulse News Wire) – Bitcoin Japan Corporation (8105.T) announced amendments to its Restricted Stock Unit (RSU) plan and introduced a Performance Share Unit (PSU) program for directors. Additionally, the company plans to issue paid stock options to directors and executives.
The revised RSU plan includes clearer vesting conditions and clawback provisions. It aims to enhance long-term commitment to shareholder value and align executive compensation with corporate performance. The total number of shares issuable under the RSU and PSU programs, along with the stock option issuance, is capped at 6,780,000. The company also intends to prioritize the use of treasury shares to minimize dilution. Under the PSU scheme, directors will receive units based on the company's share price and pre-IPO investment portfolio performance.
The PSU awards will vest over four tranches, contingent upon maintaining certain share prices for consecutive 30 trading days. Each tranche requires a cumulative equity Internal Rate of Return (IRR) of 12.5% or higher. The PSU program’s total share limit represents approximately 10.0% of fully diluted shares outstanding as of the proposal date. For the paid stock options, the company will offer up to 67,800 options, with each exercisable for 100 common shares. Exercise prices will be determined based on recent share prices, adjusted for splits and mergers.
The exercise period spans five years, with additional flexibility for certain events such as death or disability.
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