TOKYO, Jun 19 (Pulse News Wire) – IDEC Corporation (6652.T) resolved to issue stock options to its employees and subsidiary directors without monetary payment during a board meeting held. The resolution was based on the Companies Act provisions approved at the 79th regular shareholders' meeting.
Under the plan, 1,000,000 stock options will be granted, each exercisable for 100 shares of common stock. The exercise price per share will be determined based on the average closing prices of IDEC's ordinary shares on the Tokyo Stock Exchange in June 2026, adjusted by 1.05. In case of adjustments due to stock splits or mergers, the resulting fractional shares will be rounded up.
The issuance will take place on July 1, 2026, with the option period running until June 30, 2030. Any excess capital arising from exercised options will be allocated half to the paid-in capital and the remainder to the capital reserve fund. Additionally, the company noted that transfers of stock options require approval from the board of directors.
The grant recipients consist of 46 employees from IDEC and its subsidiaries.
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