TOKYO, May 20 (Pulse News Wire) – Sompo Holdings,inc. (8630.T) announced the introduction of an equity compensation program utilizing a stock grant trust (J-ESOP).
At today’s board meeting, the company resolved to acquire its own shares through the trust. The program targets approximately 48,000 employees across Sompo Holdings and more than 30 domestic group companies. Each employee will receive 20 shares annually based on their performance and tenure, with the total cost of acquiring these shares being ¥19.87 billion. The trust agreement was signed on June 01, 2026, and the funds will be entrusted on June 1, 2026, with share acquisitions planned until August 31, 2026. Under the program, Sompo Holdings and its domestic subsidiaries will award points to eligible employees according to predefined criteria.
Once certain conditions are met, these points will entitle employees to receive corresponding shares. The trust will manage these shares separately as part of its assets. The trust will be managed by Mizuho Trust Bank, with Nippon Custodian Bank acting as the sub-trustee. The trust's purpose is to distribute Sompo Holdings' shares to beneficiaries who meet the stipulated eligibility requirements outlined in the stock grant regulations. The trust will operate indefinitely as long as the program continues, with share acquisitions taking place via the exchange market or through the disposal of treasury shares held by the company.
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