TOKYO, May 14 (Pulse News Wire) – KAJIMA CORPORATION (1812.T) decided today to add funds to its trust for additional share purchases under its performance-linked equity compensation program. The move follows a resolution made during the board meeting held.
The trust, established in June 2023 and approved at the 126th Ordinary General Meeting of Shareholders on June 28, 2023, targets directors and executive officers of the company. It was set up to reward their performance through stock grants.
As per the decision, the trustee, Sumitomo Mitsui Trust Bank Co., Ltd., will acquire an additional 50,000 ordinary shares of KAJIMA CORPORATION on June 2, 2026, with a total acquisition value of June 02, 2026. Details of the trust include: - Name: Executive Stock Grant Trust - Beneficiaries: Directors and executive officers who meet the beneficiary criteria - Type of Trust: Non-monetary trust (beneficial trust) - Duration: From September 1, 2023, to August 31, 2029 (planned) For more specifics on the program's structure, refer to the May 15, 2023, press release titled "Introduction of Performance-Based Equity Compensation Program (RS Trust) for Executives." This addition underscores KAJIMA CORPORATION’s commitment to aligning executive compensation with long-term shareholder interests.
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