Shiseido Company, Limited [4911.T]
TOKYO, May 19 (Pulse News Wire) – Shiseido Company,limited (4911.T) announced today that it would distribute shares based on its performance-based compensation plan. The distribution, set for June 15, involves ordinary shares totaling 63,911 units at a price per share of ¥1,000, amounting to a total value of ¥63,911,000.
The shares will be distributed among 16 executives and four subsidiary officers who received performance-based compensation for fiscal 2023, along with 177 employees and 49 subsidiary employees eligible as of June 2024. Additionally, a cash payment of ¥10,000 will be made to 196 individuals meeting certain criteria. This action follows the approval of the board of directors and aligns with the company's long-term incentive program aimed at fostering motivation towards creating enterprise value and aligning interests with shareholders.
The evaluation period covered three fiscal years from March 24, 2023 to April 20, 2026, with key metrics such as core operating profit margin and revenue growth rate used to determine payouts. The distribution adheres to regulatory requirements, contingent upon the effectiveness of securities filings under the Financial Instruments and Exchange Act. The company determined that the dilution ratio of 0.0001% was insignificant and deemed reasonable considering the purpose and rationale behind the distribution.
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