Komori
Governance4613KANSAI PAINT CO.,LTD.Materials and Chemicals

Partial revision to the performance-linked stock compensation plan for the Company’s directors and other eligible officers

The performance-linked stock compensation plan for directors and other officers will be partially revised, extending the covered period from 2 fiscal years to 3 fiscal years. Accordingly, the contribution limit and the maximum number of shares to be delivered will also be increased.

Worth reading
50Recurring
Scored from 1 of 5 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
1350
¥ million (maximum trust funding amount, planned)
Wording
Conditional
How definitive the wording is.

Contents of this filing

Changes this time

The performance-linked stock compensation plan will be partially revised. The covered period is scheduled to be changed from the current 2 fiscal years to 3 fiscal years, while the contribution limit will be increased from the current ¥900 million to ¥1,350 million for the 3-year covered period, and the maximum number of points and shares to be delivered will be increased from the current 320,000 points and 320,000 shares to 480,000 points and 480,000 shares, respectively.

この書類は、機関設計や取締役会の構成そのものは述べていません。上に示したのは、この書類が述べている変更点です。

Contents of this filing
ItemDetails
Changes this timeThe performance-linked stock compensation plan will be partially revised. The covered period is scheduled to be changed from the current 2 fiscal years to 3 fiscal years, while the contribution limit will be increased from the current ¥900 million to ¥1,350 million for the 3-year covered period, and the maximum number of points and shares to be delivered will be increased from the current 320,000 points and 320,000 shares to 480,000 points and 480,000 shares, respectively.
Items this document does not state (7)
Corporate Governance StructureNumber of directorsNumber of independent officersCommitteePolicy on cross-shareholdingsTakeover defensesControlling shareholder

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To clarify the link between executive compensation and such factors as the degree of achievement of the targets under the 18th Medium-Term Management Plan, and to heighten awareness of contributing to medium- to long-term improvements in performance and increases in corporate value.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Partial revision to the performance-linked stock compensation plan for the Company’s directors and other eligible officers | KANSAI PAINT CO.,LTD. (4613) timely disclosure | Komori