Worth reading
39Recurring
Scored from 4 of 5 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
30000000
Shares (maximum)Wording
Avoiding a definitive answer
How definitive the wording is.Details of issuance or disposal
Delivery of shares, primarily through the disposal of treasury shares, based on restricted stock units (RSUs) and performance stock units (PSUs)
発行・処分する株式数30Shares
Approximately 30 million shares (maximum)
Intended allottee
Directors, executive officers, employees and others of the Company and its subsidiaries (specific numbers of recipients and shares: Not disclosed)
Total Stock-Based Compensation
Approximately ¥4.0 billion, based on a reasonable estimate
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 RSUs, generally until 1 to 3 years after the grant, or up to 7 years after the grant where the recipient is subject to financial institution compensation regulations. For PSUs, generally until 3 years after the grant.
Conditions for lifting transfer restrictions
For RSUs, certain conditions, including not voluntarily leaving employment. For PSUs, certain conditions, including not voluntarily leaving office, plus delivery based on performance against the performance metrics during the performance evaluation period. The specific performance metrics and targets are Not disclosed.
Categories and Number of Persons Covered
Directors, executive officers, employees and others of the Company and its subsidiaries. The number of recipients and shares allocated by category are Not disclosed.
Intended allottee's holding policy
For RSUs, shares or other equity will generally be delivered 1 to 3 years after the grant, or up to 7 years after the grant where the recipient is subject to financial institution compensation regulations, provided that certain conditions are satisfied. For PSUs, shares or other equity will generally be delivered 3 years after the grant, provided that certain conditions are satisfied and based on performance against the performance metrics.
Procedures under the Corporate Code of Conduct
Individual grants of RSUs and PSUs to the Company's directors and executive officers will be made in accordance with decisions by the Compensation Committee.
| Item | Details |
|---|---|
| Type of issuance or disposal | Delivery of shares, primarily through the disposal of treasury shares, based on restricted stock units (RSUs) and performance stock units (PSUs) |
| Number of shares to be issued or disposed of | Approximately 30 million shares (maximum) |
| Intended allottee | Directors, executive officers, employees and others of the Company and its subsidiaries (specific numbers of recipients and shares: Not disclosed) |
| Intended allottee's holding policy | For RSUs, shares or other equity will generally be delivered 1 to 3 years after the grant, or up to 7 years after the grant where the recipient is subject to financial institution compensation regulations, provided that certain conditions are satisfied. For PSUs, shares or other equity will generally be delivered 3 years after the grant, provided that certain conditions are satisfied and based on performance against the performance metrics. |
| Transfer restriction period | For RSUs, generally until 1 to 3 years after the grant, or up to 7 years after the grant where the recipient is subject to financial institution compensation regulations. For PSUs, generally until 3 years after the grant. |
| Conditions for lifting transfer restrictions | For RSUs, certain conditions, including not voluntarily leaving employment. For PSUs, certain conditions, including not voluntarily leaving office, plus delivery based on performance against the performance metrics during the performance evaluation period. The specific performance metrics and targets are Not disclosed. |
| Categories and Number of Persons Covered | Directors, executive officers, employees and others of the Company and its subsidiaries. The number of recipients and shares allocated by category are Not disclosed. |
| Total Stock-Based Compensation | Approximately ¥4.0 billion, based on a reasonable estimate |
| Procedures under the Corporate Code of Conduct | Individual grants of RSUs and PSUs to the Company's directors and executive officers will be made in accordance with decisions by the Compensation Committee. |
Items this document does not state (19)
Issue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateDilution RateTotal number of issued sharesBasis for determining the amount to be paidExercise priceExercise periodNumber of Stock Acquisition RightsReason for acquisition without considerationUnderwriter / lead underwriterOverallotmentStock Split RatioMost 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.RSUs and PSUs are deferred compensation arrangements under which a specified period elapses between the grant and the delivery of shares or other equity. For PSUs, the number of shares to be delivered will be determined according to performance against the performance metrics during the performance evaluation period.
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.