TOKYO, Jun 26 (Pulse News Wire) – HOYA Corporation (7741.T) announced the continuation of its equity-based incentive program, known as Restricted Stock Units (RSUs), for executives effective from fiscal 2025. The decision was made during a meeting of the company's remuneration committee held.
The RSU program aims to enhance long-term awareness and contribution towards improving the corporate value of HOYA Group among its executive officers, both domestic and international, while ensuring competitive compensation levels compared to global peers to attract top talent. Under the scheme, HOYA offers a predetermined number of shares upon retirement based on tenure, calculated annually as 0.5 times base salary divided by the benchmark stock price for CEOs and 0.3 times base salary for others. The benchmark stock price is determined by the closing price of HOYA’s shares on the Tokyo Stock Exchange on the day preceding the remuneration committee resolution.
In addition, the total amount of monetary compensation awarded through RSUs is capped at ¥1.072 billion per annum. The annual limit for share issuance and cash payouts varies depending on the executive role: CEO up to 25,000 shares and ¥653 million, CFO up to 9,000 shares and ¥236 million, and CSO up to 7,000 shares and ¥183 million. Adjustments are made proportionally should changes occur due to stock splits, consolidations, or free distributions.
The program includes clawback provisions for cases such as voluntary resignation without cause, dismissal, significant accounting errors or fraud leading to post-audit adjustments, and serious misconduct during tenure.
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