Source disclosure: February 25, 2026, 15:30 JST
Listed Index Fund MSCI Japan Equity High Dividend Low Volatility (Beta Hedged) [149A.T]
TOKYO, Feb 25 (Pulse News Wire) – Listed Index Fund MSCI Japan Equity High Dividend Low Volatility (Beta Hedged) (149A.T) announced today that its board of directors approved the introduction of a restricted share compensation plan aimed at enhancing long-term corporate value and aligning executive incentives with shareholder interests. The plan includes two types of restricted shares: performance-based and tenure-based.
Performance-based shares will be granted based on achieving predetermined targets set by the board, while tenure-based shares require executives to remain in their positions for a certain period without transferring the shares. The fund plans to propose the implementation of this new compensation structure at its annual shareholders' meeting scheduled for March 27, 2026. Under the existing framework, which was approved at the ninth regular shareholders' meeting held on March 30, 2023, the total monetary compensation for directors is capped at an annual amount of ¥200 million.
However, the upcoming meeting will seek additional approval for the new restricted share program, separate from the current cap. Under the proposed scheme, the total number of ordinary shares allocated annually through this plan will not exceed 63,000 shares, with the issuance price determined based on the closing price of the company's stock on the Tokyo Stock Exchange on the day preceding the board resolution approving the allocation. Shares will be subject to restrictions on transfer until three years after allocation, ensuring alignment with long-term strategic goals.
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