Director Equity Compensation Plan Linked to Share Value
First written in FY2019. 2 of 4 entries say "Advanced", first in FY2020-Q3. Latest entry: FY2026.
75 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Performance-linked points are granted in accordance with the Company’s regulations governing the delivery of shares and other rules, which establish performance achievement criteria for ROIC and ESG metrics, including the achievement rate for the CO₂ reduction target and the achievement level for engagement metrics, with the aim of providing incentives for medium- to long-term earnings growth and increased corporate value.」
ROIC and ESG metrics, including the CO2 reduction rate and engagement, were incorporated into the performance-linked portion of stock compensation for directors, concretely linking the plan to corporate value, capital efficiency and sustainability. - FY2021RaisedAnnual report
「A share delivery plan similar to that for the Company’s directors was also introduced for its executive officers at the same time. In addition, pursuant to a resolution of the Board of Directors meeting held on 11 March 2021, the scope of eligible participants was expanded to include employees in management positions.」
The scope of the incentive plan linked to share value was expanded from directors and executive officers to employees in management positions. - FY2020-Q3AdvancedAnnual report
「Based on a resolution of the Board of Directors meeting held on 27 May 2019, the Company introduced a new stock compensation plan for directors and others in October 2019 to heighten their awareness of contributing to medium- to long-term earnings growth and increased corporate value. … At the end of the third quarter of the current consolidated fiscal period, the carrying amount and number of shares of these treasury shares were ¥418 million and 302 thousand shares, respectively.」
Operation of the stock compensation plan for directors and others began in October 2019. As of the end of the current quarter, 302 thousand shares were held in trust, with a carrying amount of ¥418 million. - FY2019First statedAnnual report
「At a Board of Directors meeting held on 27 May 2019 and the 108th Annual General Meeting of Shareholders held on 27 June 2019, the Company resolved to introduce a trust-based “stock compensation plan” for its directors, excluding outside directors.」
The Company introduced a trust-based stock compensation plan for directors and executive officers to clarify the link with share value. The plan is capped at 104,000 points per fiscal year, and the trust period is scheduled to run from August 2019 through August 2024.