Shikoku Electric Power Company, Incorporated [9507.T]
TOKYO, May 19 (Pulse News Wire) – Shikoku Electric Power Company,incorporated (9507.T) announced today that its board approved a proposal to amend its share compensation plan “Stock Grant Trust” for non-outsider directors and executive officers without director positions. The amendments aim to enhance the alignment between directors' remuneration and stock value by increasing the proportion of equity-based compensation within their total remuneration package.
Under the revised plan, the annual point allocation limit for directors will rise to 72,000 points per year (with 50,000 points allocated to directors). Additionally, the trust fund will not impose a monetary cap on contributions made by the company.
Detailed implementation methods will be disclosed promptly. The trust was established in August 2019 and operates until the termination of the scheme due to reasons such as delisting or revocation of the stock grant regulations.
As of March 31, 2026, the ratio of voting rights corresponding to the upper limit of shares associated with the increased point allocation stands at approximately 0.
🟡 Confidence: Standard AI-translated content.