Governance structure
The existing restricted stock compensation (RS) plan, which is subject to a continued-service condition, will be discontinued and replaced with an RSU plan. The RSU plan will be applied together with the PSU plan to all executives, and shares granted under the revised PSU plan after the performance period will not be subject to transfer restrictions. RSUs will account for 30% of the long-term incentive compensation benchmark amount, while PSUs subject to stock price conditions will account for 70%. When the ROIC and sustainability targets are achieved, additional shares based on PSUs equivalent to 10% of the benchmark amount will be granted for each target.
| Item | Details |
|---|---|
| Committee | Compensation Committee (proportion of outside members: Not disclosed) |
| Changes this time | The existing restricted stock compensation (RS) plan, which is subject to a continued-service condition, will be discontinued and replaced with an RSU plan. The RSU plan will be applied together with the PSU plan to all executives, and shares granted under the revised PSU plan after the performance period will not be subject to transfer restrictions. RSUs will account for 30% of the long-term incentive compensation benchmark amount, while PSUs subject to stock price conditions will account for 70%. When the ROIC and sustainability targets are achieved, additional shares based on PSUs equivalent to 10% of the benchmark amount will be granted for each target. |
Items this document does not state (6)
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 more closely link executive compensation to increases in corporate and shareholder value and clarify management's commitment to enhancing corporate value over the long term. In addition, to consistently promote long-term corporate value enhancement globally through value sharing with shareholders.