Introduction of a BIP Trust for Executive Share Compensation
First written in FY2018. 2 of 4 entries say "Restated". Latest entry: FY2024.
77 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「In August 2021, the trust period was extended to 31 August 2024. The Company also plans to extend the trust period for a further 3 years from August 2024.」
The executive compensation BIP trust has been extended through August 2024, and the Company has stated that it plans to extend it for a further 3 years. - FY2019-Q3RestatedAnnual report
「This system adopts a structure known as an executive compensation BIP (Board Incentive Plan) trust (the “Trust Account”). Under this share-based compensation system, Company shares are acquired through the Trust Account using the compensation amounts contributed by the Company for directors and other eligible officers, and Company shares and cash equivalent to the proceeds from the sale of Company shares are delivered and paid to directors and other eligible officers according to their positions.」
The Company continues to disclose the system for delivering shares and cash under the executive compensation BIP trust and the delivery methods. - FY2019-Q2RestatedAnnual report
「This system adopts a structure known as an executive compensation BIP (Board Incentive Plan) trust (the “Trust Account”). Under this share-based compensation system, Company shares are acquired through the Trust Account using the compensation amounts contributed by the Company for directors and other eligible officers, and Company shares and cash equivalent to the proceeds from the sale of Company shares are delivered and paid to directors and other eligible officers according to their positions.」
The Company continues to disclose its executive compensation BIP trust-type share-based compensation system and the methods for delivering shares and cash. - FY2018First statedAnnual report
「This system adopts an executive compensation BIP (Board Incentive Plan) trust structure. Under this share-based compensation system, shares of the Company and cash equivalent to the proceeds from the sale of the Company’s shares (collectively, “Company Shares, etc.”) are delivered and paid (collectively, “Delivery, etc.”) to directors and other eligible officers according to their positions. The trust period is approximately three years, from August 2018 to August 2021, and the maximum amount of trust money contributed by the Company during the trust period is ¥480 million. The maximum number of Company shares delivered, etc. to directors and other eligible officers from the trust is 190,000 shares per year.」
Following a resolution at the Annual General Meeting of Shareholders held on 27 June 2018, the Company introduced a BIP trust-type share-based compensation system under which shares, etc. are delivered according to position. The trust period, maximum contribution and maximum number of shares are disclosed.