TOKYO, May 22 (Pulse News Wire) – ExaWizards Inc. (4259.T) introduced a restricted share compensation plan for its executives aimed at aligning their interests with shareholders' through shared risk and reward.
The plan was approved during a board meeting held , and will be presented to shareholders at the upcoming annual general meeting scheduled for June 25, 2026. Under the proposed scheme, eligible directors will receive restricted shares instead of monetary rewards, contingent upon their agreement to certain conditions. The total amount of cash-based compensation bonds for restricted shares will be capped at ¥120 million per annum. Additionally, existing stock option grants will be discontinued if the proposal receives shareholder approval.
Key provisions of the plan include restrictions on transferring the restricted shares until the executive leaves their designated position, either due to retirement or resignation, within a defined tenure. Should an executive depart prematurely without valid reasons, the company reserves the right to reclaim the shares free of charge. Conversely, continued service up to the stipulated deadline would lift these restrictions. This initiative builds on previous adjustments made to executive remuneration structures, which included performance-linked bonuses and stock options, as ratified by shareholders in past meetings dating back to June 29, 2017, and June 28, 2023.
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