Urbanet Corporation Amends and Continues Equity-Based Compensation Plan

TOKYO, Aug 06 (Pulse News Wire) – Urbanet Corporation CO.,LTD. (3242.T) amended and decided to continue its equity-based compensation plan for directors, excluding external and non-resident domestic directors, effective from fiscal year ending June 2027 through June 2030.

The revised plan includes stricter performance linkage and imposes shareholding restrictions until retirement. The changes aim to enhance long-term performance and corporate value. Under the updated scheme, directors will receive shares based on their performance points, subject to vesting conditions and holding restrictions until retirement. The company plans to allocate up to ¥524 million per four-year cycle, with ¥384 million allocated specifically for the company's directors.

Detailed proposals will be presented at the upcoming annual shareholders' meeting scheduled for September 25, 2026. In addition, the company will adjust the conversion rate of points to shares in case of stock splits, free allocations, or mergers. Shares held in trust will not exercise voting rights during the trust period and dividends received will be used for trust expenses or reinvested back into the trust fund. Upon termination of the trust, residual assets will either be distributed among remaining directors or donated to public interest organizations.