-- Aozora Bank (TYO:8304) said it plans to introduce a performance-linked restricted stock remuneration plan for directors, subject to shareholder approval at its annual meeting in June, according to a Wednesday filing on the Tokyo Stock Exchange.
The move is aimed at aligning management incentives more closely with performance and shareholder interests over the medium to long term.
Under the plan, share awards will be tied to financial metrics such as profitability, capital efficiency and strategic growth initiatives.
The annual cap for the stock-based pay is set at 250 million yen, with up to 150,000 shares to be issued each year.