TOKYO, May 13 (Pulse News Wire) – Pegasus CO.,LTD. (6262.T) announced today that its board of directors approved the introduction of a restricted share compensation plan aimed at aligning executive interests with shareholder value.
The plan proposes granting restricted shares to executives based on monetary compensation within an annual limit of ¥35 million, subject to approval at the company's upcoming ordinary shareholders' meeting scheduled for June 23. Under the proposed scheme, restricted shares would be allocated to eligible executives through a physical contribution method involving monetary compensation bonds. Shares cannot be transferred during a restriction period lasting until the executive leaves their position at the company or its subsidiaries.
Should an executive resign or retire early without valid reasons, the company reserves the right to reclaim the shares“,” Additionally, the plan includes provisions for adjusting the number of restricted shares granted in case of stock splits or mergers affecting the company’s share structure. The company also plans to extend similar arrangements to certain employees and executives post-shareholder meeting conclusion. This initiative seeks to enhance executives’ commitment to boosting stock prices and corporate value by linking their rewards more closely with performance outcomes.
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