YAMATO KOGYO CO.,LTD. [5444.T]
TOKYO, Apr 30 (Pulse News Wire) – Yamato Kogyo CO.,LTD. (5444.T) announced today that its board of directors approved the introduction of a performance-based equity compensation plan.
The plan, which requires shareholder approval at the upcoming annual general meeting scheduled for June 29, aims to align executive interests with shareholder value by linking compensation to stock price performance and corporate achievements. Under the proposed scheme, eligible executives will receive restricted shares based on predefined performance metrics over a fiscal year. The total amount of monetary compensation bonds to be distributed annually does not exceed ¥150 million per individual during their designated term.
Executives will exchange these bonds for restricted shares upon completion of the performance evaluation period. The company also outlined conditions for share delivery, including restrictions on transferring shares until certain criteria are met. Existing restricted share plans will be phased out if the new proposal receives shareholder endorsement.
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