Murata Manufacturing Co.,Ltd. [6981.T]
TOKYO, Apr 30 (Pulse News Wire) – Murata Manufacturing CO.,LTD. (6981.T) plans to distribute shares and grant equity units to its directors and executives as part of their stock-based compensation programs.
Under the Restricted Stock (RS) program, the total amount payable for share distributions is estimated to be up to ¥300 million. Last year's distribution amounted to ¥215.2 million. Additionally, based on the Performance Share Unit (PSU) program, the company anticipates granting equity units totaling 100,000 shares within the fiscal year, which could result in the issuance of up to 100,000 shares shares. In comparison, last year’s PSU grants totaled 151,660 equity units.
The RS program limits annual compensation for directors (excluding audit committee members and outside directors) to ¥300 million per year, as decided at the 81st Ordinary General Meeting held on June 29, 2017. Meanwhile, the PSU program caps the total number of granted equity units at 200,000 shares annually, corresponding to a potential issuance of up to 100,000 shares shares, as determined at the 89th Ordinary General Meeting on June 29, 2026. Final details will be finalized and disclosed during the scheduled board meeting on June 29, 2026. The company's compensation structure includes provisions for monetary rewards equivalent to the value of the delivered shares, capped at the product of the upper limit of granted equity units and the delivery price, as resolved at the same meeting.
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