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Governance8304Aozora Bank,Ltd.Banks

Notice Concerning the Introduction of a Performance-Linked Restricted Stock Compensation Plan for Directors

The bank has decided to introduce a new compensation plan under which in-house directors will receive restricted stock based on the degree to which performance targets are achieved, and will submit the proposal to the General Meeting of Shareholders. If the new plan is approved, the existing compensation framework for stock compensation-type stock options will be abolished.

Worth reading
50Recurring
Scored from 1 of 5 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
250
¥ million (annual cap) / 150,000 common shares (annual cap)
Wording
Conditional
How definitive the wording is.

Governance structure

Committee1
Nomination and Compensation Committee (a majority of whose members are outside directors)
Changes this time

The bank will review its executive compensation system and submit a proposal to introduce a performance-linked restricted stock compensation plan for in-house directors at the Annual General Meeting of Shareholders scheduled for 23 June 2026. If approved, the existing compensation framework for stock compensation-type stock options will be abolished.

Governance structure
ItemDetails
CommitteeNomination and Compensation Committee (a majority of whose members are outside directors)
Changes this timeThe bank will review its executive compensation system and submit a proposal to introduce a performance-linked restricted stock compensation plan for in-house directors at the Annual General Meeting of Shareholders scheduled for 23 June 2026. If approved, the existing compensation framework for stock compensation-type stock options will be abolished.
Items this document does not state (6)
Corporate Governance StructureNumber of directorsNumber of independent officersPolicy 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 linkage between compensation for in-house directors and the bank’s performance, strengthen medium- to long-term incentives, deepen the alignment of interests with shareholders, and achieve sustained growth 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.
Notice Concerning the Introduction of a Performance-Linked Restricted Stock Compensation Plan for Directors | Aozora Bank,Ltd. (8304) timely disclosure | Komori