Medium- to Long-Term Performance and Corporate Value Improvement Incentive through a Share-Delivery Trust for Directors and Executive Officers
First written in FY2018-Q2. 1 of 4 entries say "Advanced", first in FY2018. Latest entry: FY2021.
Tokyu Fudosan Holdings moved to the "Worse" side of this theme in 2021.
2 other companies' latest entry also says "Reframed".
- FY2021ReframedAnnual report
「Based on a resolution of the eighth ordinary general meeting of shareholders held on 25 June 2021, we continued the stock-based compensation plan using a trust, which had been introduced from the fiscal year ending March 2018, after partially changing its terms. The plan is intended to encourage contributions to increasing corporate value through improved medium- to long-term performance.」
The stock delivery trust for directors has been continued with revised terms, changing the plan to one capped at 130,000 points per fiscal year. - FY2019RestatedAnnual report
「Under this stock-based compensation plan, a trust established through the contribution of funds by the company acquires company shares. The shares are delivered annually to directors of the company and each operating company serving during the four-year period covering terms ending at the ordinary general meetings of shareholders in June 2018 through June 2022, corresponding to the period of the medium-term management plan, and to executive officers serving during the four fiscal years ending March 2018 through March 2022.」
The four-year stock delivery trust for directors aligned with the medium-term management plan, with annual caps of 490,000 shares, including 170,000 shares for the company's directors and other officers, has been continued. - FY2018AdvancedAnnual report
「Under this stock-based compensation plan, a trust established through the contribution of funds by the company acquires company shares. The shares are delivered annually to directors of the company and each operating company serving during the four-year period covering terms ending at the ordinary general meetings of shareholders in June 2018 through June 2022, corresponding to the period of the medium-term management plan, and to executive officers serving during the four fiscal years ending March 2018 through March 2022. The annual acquisition is capped at 490,000 shares, including a maximum of 170,000 shares for directors and other officers of the company.」
The stock delivery trust for directors was established as a four-year plan, with annual caps of 490,000 shares for eligible directors and other officers and 170,000 shares for the company's directors and other officers. - FY2018-Q2First statedAnnual report
「Based on a resolution of the Board of Directors meeting held on 11 May 2017, we introduced a new stock-based compensation plan, the "stock delivery trust for directors," from 21 August 2017. The plan applies to our directors, excluding outside directors, and executive officers with whom we have entered into delegation agreements, collectively referred to as "directors and other officers," as well as directors and other officers of our subsidiaries, collectively referred to as "eligible directors and other officers." The plan is intended to encourage them to contribute to increasing corporate value through improved medium- to long-term performance. At the end of the second quarter of the consolidated fiscal year, the carrying amount and number of these treasury shares were ¥529 million and 800,000 shares, respectively.」
From 21 August 2017, a stock-based compensation plan was introduced for directors and other officers of the company and its subsidiaries. The plan is intended to encourage contributions to improved medium- to long-term performance and increased corporate value. At the end of the period, the trust held 800,000 shares with a carrying amount of ¥529 million.