Suzuki Motor TO ISSUE RESTRICTED STOCK AWARDS BASED ON PERFORMANCE

TOKYO, Jul 14 (Pulse News Wire) – Suzuki Motor Corporation (7269.T) announced that its board of directors resolved to issue restricted stock awards based on performance metrics for fiscal year. The awards will consist of ordinary shares totaling 109,900.

The issuance price per share is set at ¥2,029, resulting in a total value of ¥223.0 million. The restricted stock awards will be granted to four internal directors, excluding external members. Payment will be made through the delivery of securities worth ¥223.0 million in lieu of cash compensation. The issuance is scheduled for August 3, 2026.

The dilution impact due to this issuance is considered minor, amounting to 0.01% relative to the outstanding share count as of March 31, 2026. Under the performance-based restricted stock award program, eligible executives receive shares based on their achievement against predefined financial and non-financial indicators during the evaluation period. Shares awarded are subject to vesting restrictions until the executive leaves their position. In case of early departure, the company may opt to pay out equivalent cash compensation within the annual limit of ¥500 million.