Stanley Electric Co.,Ltd. [6923.T]
TOKYO, May 20 (Pulse News Wire) – Stanley Electric CO.,LTD. (6923.T) announced today that its board of directors approved a new equity compensation plan called "Executive Remuneration BIP Trust," which will replace the existing restricted stock award program.
The new plan aims to enhance executive commitment to share price appreciation and shareholder value. It will be presented for approval at the company's 121st Ordinary General Meeting scheduled for June 25, 2026. Under the new plan, executives will receive shares based on their roles and performance points accumulated annually. Each point equals one ordinary share of Stanley Electric.
The initial trust period runs from July 2026 to August 2030, with annual contributions capped at 2.5 billion yen per fiscal year. Executives will receive shares upon retirement, subject to vesting conditions and restrictions lasting up to 35 years. The plan also includes provisions for dividend payments during the trust period, with payouts distributed according to the cumulative points earned by executives. Shares held within the trust will not exercise voting rights throughout the term.
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