TOKYO, Jun 26 (Pulse News Wire) – Iridge,inc. (3917.T) announced that its board of directors resolved to issue performance-linked stock options to its executives based on achieving specific revenue and operating profit targets by March 2030.
The company also decided to lend funds to directors who will purchase shares in the open market using those loans. The issuance includes two types of stock options: the 12th series linked to iRidge's own performance metrics, and the 13th series tied to subsidiary Orkstra AI’s performance and iRidge’s market capitalization goals. The 12th series grants up to 775 options exercisable until July 23, 2031, while the 13th series offers 780 options with similar conditions.
For the 12th series, directors can exercise their rights if iRidge meets certain revenue and adjusted operating profit milestones by March 2030. Similarly, the 13th series allows exercising if Orkstra AI achieves set sales and profitability benchmarks along with iRidge reaching a defined market cap threshold within the same timeframe. This move underscores the alignment of executive interests with shareholder value and long-term growth objectives, aiming to enhance commitment towards strategic goals and organic expansion plans.
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