Sony Financial Group Inc. [8729.T]
TOKYO, Jun 25 (Pulse News Wire) – Sony Financial Group Inc. (8729.T) resolved to grant performance share units (PSUs) and restricted stock units (RSUs) to executives and directors based on the PSU and RSU programs approved during the June 25 remuneration committee meeting.
Under the PSU program, nine executive officers and seven non-outsider directors of the company and subsidiaries will receive PSUs, totaling up to 1,684,400. The number of PSUs granted will depend on the achievement rate of predetermined numerical goals over three years. Additionally, half of the PSUs will be determined based on the comparison of shareholder returns against three competitors and the TOPIX index, while the other half will be tied to the sustainable return on equity target of 10%.
For RSUs, eight outside directors, nine executive officers, and six non-outsider directors will collectively receive RSUs amounting to 2,563,284. RSUs vest upon the recipient's departure from their position within the company, subject to adjustments based on the timing of such departures. Both PSU and RSU grants will be distributed on August 3, 2026.
In addition, the company reserves the right to deliver cash payments equivalent to the value of shares in lieu of distributing ordinary shares to recipients who are deemed ineligible due to special circumstances, such as being foreign residents or facing delivery difficulties.
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