Kuroda Group Co.,Ltd. [287A.T]
TOKYO, May 20 (Pulse News Wire) – Kuroda Group CO.,LTD. (287A.T) announced today that its board of directors approved the introduction of a restricted share compensation plan aimed at aligning executive interests with shareholder value.
The plan will be presented to shareholders at the company's annual general meeting scheduled for June 23, 2026. Under the proposed scheme, eligible executives would receive restricted shares based on performance criteria, subject to approval by shareholders. The total amount of such compensation per annum would be capped at ¥100 million, inclusive of allowances for concurrent employee roles. Details of the plan include restrictions on transferring these shares until the executive leaves their designated position within a defined period.
Should an executive remain in their role throughout the restriction period, the limitations would lift upon completion. In cases of early departure due to valid reasons recognized by the board, adjustments could be made to the number of shares released from restrictions. Additionally, the company retains the right to acquire untransferred shares without payment once the restriction period concludes. The plan also outlines provisions for handling organizational restructuring during the restriction period, allowing for adjustments to the release of restricted shares contingent on the timing and nature of such changes.
The total number of restricted shares allocated annually would be limited to 84,899.
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