TOKYO, Apr 17 (Pulse News Wire) – JRC CO.,LTD. (6224.T) announced today that its board of directors held, approved the introduction of a performance-based equity compensation plan.
Under this plan, executives will receive restricted stock units based on their achievement of predetermined performance targets during the evaluation period. The plan stipulates that eligible executives will receive a number of restricted shares determined by multiplying the base allocation of shares by the degree of achievement of performance goals and tenure ratio. The total number of restricted shares allocated cannot exceed 1,000 per executive. Executives must agree to enter into a restricted share grant agreement and contribute cash compensation through stock issuance to receive the shares.
Delivery of the restricted shares will occur post-performance evaluation, subject to certain conditions such as continued employment and adherence to restrictions until vesting. In cases of resignation without valid reasons, the company reserves the right to reclaim the shares. Additionally, adjustments will be made in case of significant corporate restructuring events affecting the company's share structure. This new compensation scheme aims to align executive incentives with long-term shareholder value creation while fostering greater alignment with shareholders' interests.
The proposal will be presented for shareholder approval at the upcoming annual general meeting scheduled for May 28, 2026.
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