HUMAN ADJUST Co.,Ltd. [249A.T]
TOKYO, May 29 (Pulse News Wire) – Human Adjust CO.,LTD. (249A.T) announced today that its board of directors, held, resolved to propose a share option plan for non-outsider directors based on Article 361 of the Companies Act.
The proposal will be presented at the 19th Annual General Meeting scheduled for June 25, 2026. Under the proposed plan, non-outsider directors would receive stock options instead of monetary compensation. The annual amount for the stock options would be up to ¥10.2 million, separate from the existing monetary compensation limit of ¥300 million per year approved at the extraordinary shareholders' meeting on April 30, 2024. The company plans to extend similar options to employees, with specifics determined by the board.
Key features of the stock option scheme include: - A cap of 60 stock options per fiscal year. - Each option entitles the holder to purchase 100 ordinary shares at an exercise price calculated based on the average closing price of the company's ordinary shares in the month preceding the grant date, adjusted upwards to the nearest whole number. - Exercise periods ranging from two to ten years post-grant decision. - Capital increase provisions and restrictions on transferring options without board approval.
This initiative aims to enhance performance and align interests with shareholder value.
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