TOKYO, Mar 27 (Pulse News Wire) – Sumida Corporation (6817.T) announced the issuance of stock options to its subsidiary executives and employees, as well as to its own executives, based on resolutions made during the March 26 shareholders' meeting and the compensation committee's decision. For subsidiary executives and employees, the total number of options granted is 6,079 units, with each option allowing the purchase of 100 shares at a price of ¥1 per share.
The exercise period runs from April 24, 2027, to March 31, 2044. The options cannot be transferred without approval from the board of directors. For Sumida’s executives, the total number of options issued is 1,468 units, also with each option entitling holders to buy 100 shares at a calculated fair value of ¥1.
The exercise period for these options extends from April 24, 2027, to March 31, 2038. Transferability of these options requires board approval as well. Both sets of options are subject to vesting conditions tied to performance metrics spanning fiscal years 2026 through 2028, requiring achievement of certain operating profit levels and average return on investment criteria.
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