Daiichi Life Group,Inc. [8750.T]
TOKYO, Jun 22 (Pulse News Wire) – Daiichi Life Group,inc. (8750.T) resolved to issue restricted shares (RS) and performance-based equity awards (PSUs) during its board meeting held .
For the RS issuance, the company plans to allocate ordinary shares totaling ¥489.6 million to 45 directors and executives across various subsidiaries. Payment for these shares is due on July 13, 2026, with restrictions lasting three years. The shares will be managed through a dedicated account at Nomura Securities to ensure compliance with transfer limitations. In addition, the company will issue PSUs based on performance metrics set for the fiscal years ending March 2024 to March 2026.
Directors and key executives will receive cash compensation based on their performance, which will then be converted into ordinary shares of Daiichi Life Group. The total number of shares allocated will depend on the achievement of predefined performance targets, with payment also scheduled for July 13, 2026. Both RS and PSU issuances aim to align executive interests with shareholder value and promote sustainable growth. The RS program includes provisions for forfeiture in case of significant financial restatements or serious misconduct during the restriction period.
Similarly, PSU recipients face conditions such as loss of rights if they engage in illegal activities or violate company policies during the evaluation period.
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