Mazda Motor Approves Share Awards for Executives

TOKYO, Jul 22 (Pulse News Wire) – Mazda Motor Corporation (7261.T) announced that its board of directors approved the disposal of restricted stock awards and performance-linked restricted stock awards on July 22. Under the restricted stock award program, the company will issue ordinary shares totaling 214,300 to seven directors and 16 executive officers and fellows on August 6, 2026, at a price of ¥1,165 per share, resulting in a total value of ¥249.8 million.

Additionally, for the performance-linked restricted stock awards, the company will issue 27,900 ordinary shares to the same group of executives based on their performance during the fiscal year ending March 31, 2026, at a price of ¥1,165 per share, amounting to a total value of ¥64.9 million. These awards aim to align the interests of the management team with those of shareholders and encourage long-term corporate value enhancement.

The shares will be subject to vesting restrictions until the recipients retire or resign from their positions, with potential early vesting conditions tied to continued employment.