Shizuoka Financial Group, Inc. [5831.T]
TOKYO, Mar 31 (Pulse News Wire) – Shizuoka Financial Group,inc. (5831.T) decided today to continue its employee incentive plan (RS Trust) and to entrust additional funds to the trustee for the purchase of company shares.
The board approved the changes to the plan, which targets employees meeting certain criteria. Under the revised plan, the trustee, Sumitomo Mitsui Trust Bank, will acquire an additional 550,000 ordinary shares through the disposal of treasury stock. The total amount allocated for this purpose is ¥1.451 billion.
The acquisition is scheduled for May 19, 2026. The RS Trust was established on May 13, 2024, and the additional funds will be entrusted on May 19, 2026. The trust is expected to conclude in late May 2029.
Beneficiaries will be employees who meet the eligibility requirements, and voting rights will be exercised based on instructions from an independent trustee throughout the term of the trust.
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