TOKYO, Mar 27 (Pulse News Wire) – Kokuyo CO.,LTD. (7984.T) decided to grant equity awards based on performance metrics to its executive officers and directors during meetings held.
The awards consist of two types of units: financial metric units and stock price index units. For financial metric units, up to 2,000 shares equivalent could be granted to two executives and up to 1,000 shares equivalent to ten executive officers. The number of shares delivered would depend on the achievement of targets such as EBITDA and ROE, calculated according to predefined formulas. The final delivery of shares would occur after a two-year evaluation period ending December 31, 2027, subject to vesting conditions and restrictions until the end of the holding period.
Stock price index units would be granted based on relative TSR compared to TOPIX growth rates over a three-year period from April 1, 2026, to March 31, 2029. Up to 61,188 shares could be awarded to ten executive officers. Delivery of these units would also be contingent upon meeting certain performance criteria and adherence to vesting schedules. Both types of units come with restrictions preventing transfers until the end of designated holding periods, ensuring alignment between management's interests and those of shareholders.
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