Notice on Disposal of Treasury Shares as Performance Share Unit
Filed with TSE · · 3 pages · English
Summary by 6ix AI
JGC Holdings Corporation has announced the disposal of treasury shares as part of a performance share unit plan, resolved during a Board of Directors meeting. The purpose of this disposal is to align the interests of directors and executive officers with shareholders by linking their compensation to the company's performance and stock value. The allocation agreement includes a restricted period during which recipients cannot transfer their shares, with specific conditions for removal of restrictions. The disposal involves a specific number of shares and a set price, calculated based on the market price prior to the Board's resolution.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
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Story so far
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