Cosmo Energy Holdings Company Continues Equity Compensation Plan Through 2028

TOKYO, May 12 (Pulse News Wire) – Cosmo Energy Holdings Company,limited (5021.T) decided to continue its equity compensation plan through fiscal year 2028. The board approved modifications to the existing plan during a meeting held on May 12.

The revised plan targets directors and executives who meet certain criteria, excluding non-executive directors, non-resident directors, and those without executive responsibilities. Under the modified plan, eligible recipients will earn points based on performance metrics and tenure. These points will be converted into shares or cash payouts upon completion of the three-year cycle ending August 7, 2026.

Shares obtained through the plan will not carry voting rights but will accrue dividends which will be used to cover trust fees and expenses. In case of underperformance leading to residual shares at the end of the trust period, the company plans to either extend the trust ortransfer these shares back to the company for cancellation via a board resolution. Any excess funds beyond the trust fee reserve will be donated to unrelated entities.