THE OITA BANK Oita Bank to Issue Equity-Based Stock Options to Executives and Directors

TOKYO, Jun 23 (Pulse News Wire) – THE Oita Bank,ltd. (8392.F) resolved to issue equity-based stock options to its directors and executive officers through a resolution passed during a board meeting held.

The move aims to enhance performance and contribute to the company's value while fostering shareholder-focused management. Under the plan, 220 stock options will be allocated to non-audit committee and external directors, and 175 options to executive officers. Each option entitles the holder to purchase 50 shares of common stock upon exercise.

The grant day for these options is set for August 24, 2026, with the exercise period running from August 24, 2026, to August 25, 2056. Exercise conditions stipulate that holders must remain in their positions until the end of the exercise period, except in cases of death or loss of directorship status. In such scenarios, designated successors can exercise the rights within two months of completing inheritance procedures, subject to certain conditions.