Mitsubishi Corporation [8058.T]
TOKYO, May 19 (Pulse News Wire) – Mitsubishi Corporation (8058.T) decided at its May 19 board meeting to grant 192 stock options under the C6 Plan to former executives who were previously unable to accept due to overseas assignments. The options will vest based on the company's share performance over three years, with the exercise ratio determined by the TSR relative to the TOPIX index growth rate from July 6, 2020 to July 7, 2023.
The total number of options granted is subject to adjustment if certain conditions are met, such as changes in capital structure through mergers or spin-offs. Each option entitles the holder to purchase 300 shares at a price set according to the closing average value of the company’s ordinary shares prior to the grant date. Option holders will be able to exercise their rights from June 5, 2026, until June 8, 2026.
Any fractional shares resulting from exercising the options will be rounded down. Additionally, the company reserves the right to adjust the number of shares per option in case of unforeseen circumstances requiring adjustments. The stock options will be granted on July 6, 2026, without any payment requirement upon acceptance.
The plan includes provisions for transferring options to heirs in the event of the holder's death within the stipulated timeframe.
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