Kamigumi Board OKs Performance-Linked Restricted Stock Plan for Directors
Kamigumi (TYO:9364) board approved a performance-linked stock compensation plan for directors, linking officer compensation, company performance, and shareholder value, according to a May 19 filing on the Tokyo Stock Exchange.The integrated logistics services company said that the new plan, subject to shareholder approval at the June 26 general meeting, will cap the annual compensation for directors at 200 million yen, with up to 16,000 shares issued or transferred each year.Under the new framework, directors will receive shares and cash payments based on the achievement of performance targets set under the medium-term management plan.The first performance evaluation period will run from the fiscal year ending March 2027 through March 2030, and the performance metrics will include consolidated return on equity and total shareholder return.
