SHIMA SEIKI MFG.,LTD. [6222.T]
TOKYO, Jun 25 (Pulse News Wire) – Shima Seiki Mfg.,ltd. (6222.T) granted stock options to directors and executives aimed at boosting long-term performance and aligning interests with shareholders.
A total of 25 stock options will be distributed among three directors, one executive director, and four executives. Each option allows the holder to purchase 100 common shares at a price to be determined on June 25, 2026. The options will vest on June 25, 2026 and remain exercisable until July 17, 2056.
Upon exercise, the capital increase will adhere to legal limits, adding up to ¥1 to the capital base and reducing the capital reserve accordingly. The grant includes conditions such as requiring board approval for transfers and limiting exercise rights post-employment termination or death within ten days. Additionally, the valuation method uses the Black-Scholes model based on key parameters including volatility calculated from weekly closing prices since July 18, 2011, and risk-free interest rates corresponding to the remaining term.
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