SUBARU Corporation (President: Atsushi Osaki, Code: 7270, TSE Prime) announced on July 9, 2024, the decision to dispose of treasury stock as restricted stock compensation. This disposal aims to enhance incentives for directors and executive officers and promote value sharing with shareholders.
The details of the disposal are as follows:
- Disposal Date: August 7, 2024
- Type and Number of Shares: 85,476 common shares
- Disposal Price: 3,475 yen per share, total 297,029,100 yen
- Allottees: 34,594 shares to 5 directors, 50,882 shares to 22 executive officers (including 2,184 shares to 3 retirees)
This disposal is conditional upon the effectiveness of the securities registration statement under the Financial Instruments and Exchange Act. SUBARU’s Board of Directors decided on the revision of the system on March 5, 2024, which was approved at the 93rd Annual General Meeting of Shareholders.
For more details, please visit here.
Date: 2024/07/09
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