TOKYO, Jun 23 (Pulse News Wire) – The Gunma Bank,ltd. (8334.T) announced plans to distribute restricted shares and performance-based equity awards to its executives and directors.
The bank's board meeting held on June 23 approved the distribution of shares valued at ¥2,335 per share, totaling ¥96.2 million. The shares will be distributed among six directors and fifteen executive officers. Additionally, performance-based shares worth ¥2,335 per share, amounting to ¥14.2 million, will be awarded to seven individuals who served as directors during the evaluation period. The restricted shares will be subject to vesting conditions tied to continued service until July 21, 2027. In case of early termination due to reasons such as retirement or death, the number of vested shares will be adjusted based on the duration of service.
Upon completion of the vesting period or upon approval of organizational restructuring, the bank will acquire any unvested shares without compensation. Shares will be managed through dedicated accounts at Nomura Securities Co., Ltd., ensuring adherence to restrictions on transfers and pledges. Performance-based shares are granted based on pre-set performance metrics over three fiscal years from April 1, 2023, to March 31, 2026. Evaluation criteria include earnings per share, operating margin, return on equity, and other key indicators. A coefficient ranging from 0% to 200% will be applied depending on the achievement levels of these metrics.
The share price for the distribution was determined based on the closing price on June 22, 2026, which is considered fair and reasonable.
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