TOKYO, Mar 26 (Pulse News Wire) – Cookpad Inc. (2193.T) decided to issue free stock options to its executives based on resolutions made during its 22nd regular shareholders' meeting held today and approved by the board of directors.
The issuance includes granting stock options totaling 2,600 units, each allowing the holder to purchase 260,000 ordinary shares at a price determined by the average closing price of the company's shares on the Tokyo Stock Exchange in April 2026, adjusted by 1.05. Exercise of these options will commence on May 1, 2026, and continue until March 26, 2033, subject to certain conditions such as continued employment and performance criteria set forth in individual agreements. In addition, the company noted that should extraordinary circumstances arise necessitating adjustments to the exercise price or share count, such changes would be made within reasonable limits.
Furthermore, the capital increase resulting from exercising these options will adhere to regulatory requirements, with half of the calculated capital increase limit being allocated towards additional paid-in capital, while the remainder goes toward capital reserves. Any fractional amounts less than ¥1 will be rounded up, and costs associated with issuing shares upon option exercise will reduce the capital increase limit by ¥0. This initiative aims to enhance executive motivation and performance through equity incentives without requiring monetary payment for the options themselves.
The company also emphasized that the stock options cannot be transferred without approval from the board of directors.
🟢 Confidence: High AI-translated content.