Mitsubishi Corporation [8058.T]
TOKYO, May 19 (Pulse News Wire) – Mitsubishi Corporation (8058.T) decided at its board meeting held on May 19 to grant stock options to former executives who had their allocations deferred due to overseas assignments. The company plans to issue 92 stock options under the C4 Plan, which aims to enhance performance and align interests with shareholders.
Each option entitles the holder to purchase 300 shares of common stock at a predetermined price. The exercise period for these options runs from June 08, 2026, to July 11, 2052. The number of options exercisable will depend on the company's stock growth rate relative to the TOPIX index over a three-year evaluation period ending June 30, 2025.
Based on this metric, the vesting ratio for the plan was set at 12%. Additionally, the options cannot be transferred without approval from the company’s board of directors. Exercise of the options is subject to certain conditions, such as a 10-year restriction post-executive departure and limitations based on organizational restructuring events.
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