Worth reading
38Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
6415088
shares' worth of RSUsWording
Conditional
How definitive the wording is.Details of issuance or disposal
Disposal of treasury stock pursuant to Restricted Stock Units (RSUs)
Who receives how much
24th RSU: equivalent to a maximum of 265,270 shares; 25th RSU: equivalent to a maximum of 6,149,818 shares; total: equivalent to a maximum of 6,415,088 shares
Directors and other officers of the Company's subsidiaries2 / Equivalent to a maximum of 111,140 shares
Employees of the Company’s subsidiaries11 / Equivalent to a maximum of 154,130 shares
Employees of the Company408 people / Equivalent to a maximum of 337,747 shares
Directors and other officers of the Company's subsidiaries59 people / Equivalent to a maximum of 289,756 shares
Employees of the Company’s subsidiaries3,709 people / Equivalent to a maximum of 5,522,315 shares
The height of each bar represents the proportion of shares received by each allottee. The thin line below represents the number of existing shares to which these shares are added.
An amount per share determined by the Company based on the closing price of ordinary trading on the Tokyo Stock Exchange on the business day preceding the date of the Representative Executive Officer's decision regarding the disposal
発行済株式総数
Disposal of treasury shares
Conditions on transfer restrictions
Restricted stock is stock awarded as compensation that cannot be sold during a specified period, with the restrictions lifted once the applicable conditions are met.
Transfer restriction period
For the 24th RSU, from the grant date until 1 October in the month following the month containing the corresponding date 3 years after the grant date. For the 25th RSU, vesting will occur in stages through 1 October in the month following the month containing the corresponding dates 1, 2 and 3 years after the grant date.
Conditions for lifting transfer restrictions
For the 24th RSU, the recipient must continuously hold the position of an officer or employee of a group company through the designated date 3 years after the grant date. For the 25th RSU, the recipient must continuously hold that position on each designated date 1, 2 and 3 years after the grant date. Exceptions apply in the event of death or retirement for a reason deemed valid by the Compensation Committee or otherwise.
Reason for acquisition without consideration
All unvested RSUs will lapse if the recipient forfeits the RSUs before the vesting date, is sentenced to imprisonment or a more severe penalty, becomes subject to a petition for commencement of insolvency proceedings, becomes subject to attachment or similar action, or falls under any other specified circumstance predetermined by the Company.
Categories and Number of Persons Covered
24th RSU: 2 directors and other officers of the Company's subsidiaries and 11 employees of the Company's subsidiaries. 25th RSU: 408 employees of the Company, 59 directors and other officers of the Company's subsidiaries, and 3,709 employees of the Company's subsidiaries.
Intended allottee's holding policy
RSUs may not be transferred to a third party, pledged or otherwise disposed of in any manner.
Basis for determining the amount to be paid
The Company will determine the amount based on the closing price of the Company's common shares in ordinary trading on the Tokyo Stock Exchange on the business day preceding the date of the Representative Executive Officer's decision regarding the disposal, within the scope permitted by applicable laws and regulations and without being particularly favorable to the eligible recipients.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury stock pursuant to Restricted Stock Units (RSUs) |
| Number of shares to be issued or disposed of | 24th RSU: equivalent to a maximum of 265,270 shares; 25th RSU: equivalent to a maximum of 6,149,818 shares; total: equivalent to a maximum of 6,415,088 shares |
| Issue price and disposal price | An amount per share determined by the Company based on the closing price of ordinary trading on the Tokyo Stock Exchange on the business day preceding the date of the Representative Executive Officer's decision regarding the disposal |
| Intended allottee | Category Directors and other officers of the Company's subsidiaries / Number of Employees 2 / Number of Shares Equivalent to a maximum of 111,140 shares, Category Employees of the Company’s subsidiaries / Number of Employees 11 / Number of Shares Equivalent to a maximum of 154,130 shares, Category Employees of the Company / Number of Employees 408 people / Number of Shares Equivalent to a maximum of 337,747 shares, Category Directors and other officers of the Company's subsidiaries / Number of Employees 59 people / Number of Shares Equivalent to a maximum of 289,756 shares, Category Employees of the Company’s subsidiaries / Number of Employees 3,709 people / Number of Shares Equivalent to a maximum of 5,522,315 shares |
| Intended allottee's holding policy | RSUs may not be transferred to a third party, pledged or otherwise disposed of in any manner. |
| Total number of issued shares | Disposal of treasury shares |
| Basis for determining the amount to be paid | The Company will determine the amount based on the closing price of the Company's common shares in ordinary trading on the Tokyo Stock Exchange on the business day preceding the date of the Representative Executive Officer's decision regarding the disposal, within the scope permitted by applicable laws and regulations and without being particularly favorable to the eligible recipients. |
| Transfer restriction period | For the 24th RSU, from the grant date until 1 October in the month following the month containing the corresponding date 3 years after the grant date. For the 25th RSU, vesting will occur in stages through 1 October in the month following the month containing the corresponding dates 1, 2 and 3 years after the grant date. |
| Conditions for lifting transfer restrictions | For the 24th RSU, the recipient must continuously hold the position of an officer or employee of a group company through the designated date 3 years after the grant date. For the 25th RSU, the recipient must continuously hold that position on each designated date 1, 2 and 3 years after the grant date. Exceptions apply in the event of death or retirement for a reason deemed valid by the Compensation Committee or otherwise. |
| Reason for acquisition without consideration | All unvested RSUs will lapse if the recipient forfeits the RSUs before the vesting date, is sentenced to imprisonment or a more severe penalty, becomes subject to a petition for commencement of insolvency proceedings, becomes subject to attachment or similar action, or falls under any other specified circumstance predetermined by the Company. |
| Categories and Number of Persons Covered | 24th RSU: 2 directors and other officers of the Company's subsidiaries and 11 employees of the Company's subsidiaries. 25th RSU: 408 employees of the Company, 59 directors and other officers of the Company's subsidiaries, and 3,709 employees of the Company's subsidiaries. |
Items this document does not state (17)
Total issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateDilution RateExercise priceExercise periodNumber of Stock Acquisition RightsTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost recent equity financingMajor shareholders after the offeringImpact on Business Performance
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.The Company will grant RSUs to officers and employees of the Company and its subsidiaries under the post-vesting stock compensation plan introduced in fiscal 2022.
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.