Mitsubishi Corporation [8058.T]
TOKYO, May 19 (Pulse News Wire) – Mitsubishi Corporation (8058.T) announced today that its board of directors, held, approved the allocation of stock options to executives under the C3 Plan aimed at boosting performance and aligning interests with shareholders. Originally reserved due to overseas assignments, the plan now includes 144 options to be granted to two non-executive directors and former executives.
Each option entitles the holder to purchase 300 shares of common stock at a predetermined price. Exercise of these options will commence on July 11, 2026, and continue until July 10, 2053. Any fractional shares resulting from adjustments will be rounded down.
Additionally, the exercise of these options could increase capital by up to half of the calculated capital limit, with the remainder going towards capital reserves. Transfer restrictions apply, requiring approval from the company's board for any acquisitions through transfers. The conditions for exercising the options are contingent upon the company’s TSR relative to the TOPIX index over a three-year evaluation period beginning July 10, 2023.
Specific ratios determine the number of exercisable options based on the company’s growth rate compared to the benchmark index.
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