TOKYO, May 14 (Pulse News Wire) – Will Group,inc. (6089.T) announced today that its board of directors has decided to extend its performance-based equity compensation plan until August 31, 2029.
The plan, which uses trusts to award shares based on achievement of performance goals, was set to expire on August 31, 2026. By amending the trust agreement, the company will prolong the program for three additional years. The purpose of the extended plan is to enhance alignment between executive remuneration and the company's performance and enterprise value. It aims to foster a long-term focus on improving profitability and increasing shareholder value among executives and board members.
The continuation of the plan was approved by the entire independent external board committee. Under the revised agreement, the trust will continue to acquire WILL GROUP shares through cash contributions made by the company. Executives and board members will receive a number of shares corresponding to their assigned points via the trust. The initial trust contract was established on November 25, 2020, with the duration originally set from November 25, 2020, to August 31, 2026.
With the extension, the new period runs from November 25, 2020, to August 31, 2029.
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