Komori
Governance9845PARKER CORPORATIONMaterials and Chemicals

Notice Regarding Revisions to the Restricted Stock Compensation Plan

The annual cap on cash compensation for directors for the grant of restricted stock will be increased from ¥10 million to ¥20 million. The cap for outside directors will also be increased from ¥2 million to ¥7 million.

Worth reading
50Recurring
Scored from 1 of 5 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
1000
¥10,000 (increase in annual cap)
Wording
Conditional
How definitive the wording is.

Governance structure

Number of directorsCurrently 6 directors, including 2 outside directors. If approved as proposed at the General Meeting of Shareholders, the number will be 7, including 3 outside directors.
Changes this time

The total amount of cash compensation paid to eligible directors for the grant of restricted stock will be revised from an annual amount of up to ¥10 million, including up to ¥2 million for outside directors, to an annual amount of up to ¥20 million, including up to ¥7 million for outside directors.

Governance structure
ItemDetails
Number of directorsCurrently 6 directors, including 2 outside directors. If approved as proposed at the General Meeting of Shareholders, the number will be 7, including 3 outside directors.
Changes this timeThe total amount of cash compensation paid to eligible directors for the grant of restricted stock will be revised from an annual amount of up to ¥10 million, including up to ¥2 million for outside directors, to an annual amount of up to ¥20 million, including up to ¥7 million for outside directors.
Items this document does not state (6)
Corporate Governance StructureNumber of independent officersCommitteePolicy 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 further promote the sharing of value with shareholders, and in consideration of the increase in the value of the Company's shares accompanying the rise in the share price.

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 Regarding Revisions to the Restricted Stock Compensation Plan | PARKER CORPORATION (9845) timely disclosure | Komori