TOKYO, Apr 03 (Pulse News Wire) – World CO.,LTD. (3612.T) announced today that its board of directors approved the introduction of a performance-linked equity plan (PSU) aimed at aligning executive compensation with long-term shareholder value.
The PSU program will cover executives and senior managers within the company and its subsidiaries. Under the PSU scheme, eligible recipients will receive ordinary shares based on the achievement of predefined performance metrics over a three-year evaluation period ending February 2029. The total number of shares issuable annually is capped at 900,000. Additionally, the company plans to abandon stock options previously granted to certain executives upon approval of the PSU plan at the upcoming annual general meeting scheduled for May 28, 2026.
The decision to introduce the PSU plan follows a comprehensive review of the company's remuneration structure, aiming to enhance alignment with strategic objectives outlined in its mid-term plan “VISION-W.” Recipients will need to meet specific conditions such as continued service and adherence to non-violation criteria to qualify for share grants. In conjunction with the PSU implementation, World CO.,LTD. expects to receive voluntary abandonment notices for existing stock options held by key personnel. The company anticipates minimal impact on its financial performance due to this transition.
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