TOKYO, May 22 (Pulse News Wire) – Choei Inc. (2993.T) announced today that its board of directors has approved amendments to its restricted share-based compensation plan for executives.
The revised plan will be presented to shareholders at the upcoming annual general meeting scheduled for June 25, 2026. Under the amended plan, the total monetary compensation bonds payable to eligible directors related to restricted shares will be capped at ¥300 million per annum, separate from the existing cap of ¥350 million per annum for executive remuneration. Additionally, the number of restricted shares allocated annually will be limited to 100,000.
The restricted shares will fall into two categories: "Restricted Share I," which carries a holding period ranging from one to ten years set by the board, and "Restricted Share II," whose holding period extends until the director's departure from their position within the company. The purpose of these changes is to align executives' interests more closely with those of shareholders by making them share in the risks and benefits associated with stock price fluctuations. This alignment is intended to enhance executives' motivation to contribute to the company’s growth and value enhancement.
The approval of these modifications is contingent upon shareholder consent during the annual general meeting.
🟢 Confidence: High AI-translated content.