TYO:3401

Teijin to Dispose of 88 Million Yen in Treasury Shares Under Compensation and Incentive Plans

Teijin (TYO:3401) board approved the disposal of 53,479 treasury shares totaling 88.2 million yen under a restricted stock compensation plan and 100,775 treasury shares totaling 166.3 million yen under performance share units.Under the restricted stock compensation plan, shares were allocated to three directors, excluding outside directors, 11 corporate officers, one mission executive, and four executives overseas, according to a June 19 filing on the Tokyo Stock Exchange.Meanwhile, under the performance share units plan, shares were allocated to three directors, excluding outside directors; 13 corporate officers, including one retired member; five mission executives; and three executives overseas.The disposal is scheduled for July 15.