SINFONIA TECHNOLOGY CO.,LTD. [6507.T]
TOKYO, May 14 (Pulse News Wire) – Sinfonia Technology CO.,LTD. (6507.T) resolved to amend its equity-based compensation plan, known as Board Benefit Trust (BBT), to a restricted stock version called Board Benefit Trust-Restricted Stock (BBT-RS).
The amendment will be proposed to shareholders at the annual general meeting scheduled for June 26, 2026. Under the new BBT-RS plan, directors and executive officers who do not concurrently hold director positions will receive shares subject to vesting restrictions until their retirement. The plan aims to enhance alignment between executives' remuneration and the company's performance and share value, fostering a long-term focus on improving earnings and increasing enterprise value.
Since 2019, the company has contributed funds amounting to ¥1 billion plus ¥858.3 million in 2026 to the trust fund supporting the BBT-RS program. The trust will acquire shares based on projected needs for future payouts, ensuring sufficient resources for the scheme’s operation. Details of share acquisitions will be disclosed promptly.
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