santec Holdings Corporation [6777.T]
TOKYO, May 28 (Pulse News Wire) – Santec Holdings Corporation (6777.T) announced that its board of directors meeting held on May 28 decided to introduce a post-issuance equity compensation plan aimed at aligning long-term interests between executives and shareholders while incentivizing mid-to-long term corporate value enhancement. The plan involves granting shares based on performance targets and tenure to eligible directors over a defined period.
Under the plan, Performance Share Units (PSUs) will be granted annually up to a total of ¥200 million per director within four thousand shares, payable in a lump sum upon completion of the target period. Restricted Stock Units (RSUs) will be awarded annually up to ¥100 million per director within two thousand shares, also subject to vesting conditions set by the board. The total share issuance limit over ten years is capped at 100,000 shares, representing less than 0.85% of the outstanding shares excluding treasury stock as of March 31, 2026.
The compensation structure includes two methods of delivery: physical contribution where cash awards are used to acquire shares, orwhere shares are allocated without payment. In exceptional cases such as death or resignation due to organizational restructuring, cash payments will replace share deliveries within the approved budget range. Adjustments will be made for changes in share count resulting from mergers or splits.
Santec plans to extend similar equity-based incentive programs to its executive officers, employees, and certain group companies' directors and staff, pending approval of the initial proposal at the upcoming annual general meeting scheduled for June 24.
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