TOKYO, May 12 (Pulse News Wire) – Shimadzu Corporation (7701.T) announced today that its board of directors has decided to continue its equity compensation plan for directors and executive officers, excluding external directors and non-resident domestic individuals, through fiscal year 2028. The plan was originally introduced in fiscal year 2017 and will now be extended for three additional years starting from April 1, 2026.
Under the continued program, the trust period for the BIP Trust will be extended until August 31, 2029. The trust will inherit any remaining shares and cash within it during this period.
The compensation scheme's target period spans three fiscal years, from April 1, 2026, to March 31, 2029. All other aspects of the plan remain unchanged except for the noted modifications.
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