TOKYO, Mar 26 (Pulse News Wire) – Human Made Inc. (456A.T) announced today that its board of directors has approved the introduction of a restricted share compensation plan aimed at enhancing long-term corporate value and fostering greater alignment with shareholders.
The plan will be presented to shareholders at the upcoming 10th Annual General Meeting scheduled for April 28, 2026. Under the new plan, eligible directors will receive either ordinary shares or cash-settled equity awards within an annual limit of ¥80 million. The total number of ordinary shares issued or disposed of annually will be capped at 20,000. Shares granted under this scheme will be subject to a holding period during which transfers to third parties will be prohibited. In addition, the company reserves the right to repurchase such shares free of charge under certain conditions.
The valuation of ordinary shares issued as part of the compensation will be based on the closing price of the company's ordinary shares on the Tokyo Stock Exchange on the day preceding the board resolution. Cash-settled equity awards will also be determined based on fair market value, ensuring they do not confer undue benefits to recipients. This initiative builds upon previous shareholder approval of director remuneration limits set at ¥400 million per annum in the seventh annual general meeting held on April 25, 2023. Human Made Inc. seeks further endorsement from shareholders for the implementation of this new compensation framework.
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