TOKYO, Mar 17 (Pulse News Wire) – Ricoh Company,ltd. (7752.T) resolved today to amend its equity compensation plan for directors, which will be presented for approval at its 126th annual shareholders’ meeting scheduled for late June.
The amendments aim to strengthen alignment between executive performance and stock rewards while enhancing oversight functions. Key changes include modifying performance-linked stock units (PSUs) for inside directors and introducing non-performance linked stock units (RSUs). Additionally, outside directors will also receive RSUs to align their interests more closely with long-term shareholder value creation. The revised plan includes provisions to limit stock awards if significant misconduct occurs during a director's tenure.
Under the amended plan, inside directors will receive PSUs based on relative TSR growth compared to TOPIX (with dividends included) and peer group performance, alongside ESG achievement targets. Outside directors will receive RSUs determined by their responsibilities. Both plans involve granting equity awards three years after the end of each evaluation period, subject to board approval. The proposed changes reflect Ricoh’s commitment to sustainable development goals and maintaining high governance standards.
Full details will be available upon finalizing the amendment proposals ahead of the upcoming shareholders' meeting.
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