Executive Share-Based Compensation Scheme Using a Board Benefit Trust (BBT)
First written in FY2020-Q3. 2 of 4 entries say "Raised", first in FY2022. Latest entry: FY2025.
0 other companies' latest entry also says "Raised".
- FY2025RaisedAnnual report
「For the president and director, performance-linked compensation is generally 35% under normal conditions (approximately 12% at minimum to approximately 45% at maximum). Of this amount, performance-linked cash compensation is generally 17% (0% at minimum to approximately 22% at maximum), while performance-linked non-monetary compensation, consisting of stock-based compensation, is generally 18% (approximately 12% at minimum to approximately 23% at maximum).」
Under the proposed revision to executive compensation, the president’s performance-linked compensation ratio was set at 35% under normal conditions, with the ratios and ranges of cash and stock-based compensation specified. - FY2023AdvancedAnnual report
「Performance-linked stock-based compensation uses consolidated operating income for each fiscal year as the short-term key performance indicator (KPI). Over the medium to long term, stock-based compensation is determined by comparing the Company’s total shareholder return (TSR) over the 3-year medium-term management plan period with the TSR of peer companies, with an evaluation index set according to the ranking.」
For executive stock-based compensation, annual operating income and the comparison between the Company’s TSR and peer-company TSR over 3 fiscal years were specified as evaluation indicators. - FY2022RaisedAnnual report
「Under normal conditions, performance-linked compensation is paid within a range generally not exceeding 20% of the total compensation of directors, excluding outside directors and directors who are Audit & Supervisory Committee members.」
In addition to performance-linked compensation through the Stock Benefit Trust, the policy was expanded from July 2022 to incorporate cash compensation, comparison with the TSR of peer companies and employee engagement surveys into the evaluation. - FY2020-Q3First statedAnnual report
「Based on a resolution of the 32nd Annual General Meeting of Shareholders held on 21 June 2019, we introduced a new stock-based compensation plan, the “Stock Benefit Trust (BBT)” (the “Plan”), for our directors, excluding outside directors and directors who are Audit & Supervisory Committee members, and senior executive officers (collectively, “Directors and Executive Officers”).」
We introduced a new stock-based compensation plan under which shares of the Company and other benefits are provided through a trust for Directors and Executive Officers. At the end of the third quarter, the shares held by the trust totaled 186,100, with a carrying amount of ¥599 million.