Recruit Holdings Co.,Ltd. [6098.T]
TOKYO, May 15 (Pulse News Wire) – Recruit Holdings CO.,LTD. (6098.T) announced today that its board of directors approved the implementation of an equity compensation program for executives and directors of group companies.
The program involves purchasing shares of Recruit Holdings through trust arrangements based on past decisions made by necessary decision-making bodies within the company and its group entities. Under the program, which was introduced in 2016 for the company's executives and expanded to cover group company directors subsequently, Recruit Holdings will acquire shares using funds derived from executive remuneration. These shares will be distributed to eligible recipients upon their departure or during their tenure, contingent on performance targets being met.
The company plans to continue implementing the program annually, setting up new trusts or modifying existing ones as needed. Key details of the trust arrangement include: - Trust Type: Non-cash trust (beneficiary trust) - Purpose: To incentivize executives and directors - Beneficiaries: Eligible executives and directors of Recruit Holdings and its group companies - Trustee: Mitsubishi UFJ Trust and Banking Corporation (planned) - Period: From May 15, 2017 to August 31, 2029 (for Recruit Holdings); from May 28, 2020 to August 31, 2029 (for group companies) - Share Acquisition Method: Through the stock market - Shares Acquired: Ordinary shares of Recruit Holdings - Acquisition Dates: Scheduled from May 20, 2026 to June 9, 2026 The program excludes current directors but includes senior executives. Detailed information on the equity compensation for directors can be found in the timely disclosure dated May 15, 2026.
Any changes to the scheduled dates may occur based on applicable laws and regulations.
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