Hioki disposes of treasury stock for executive compensation
Hioki Eecorporation (TSE: 6866) announced the disposal of 978 shares of its common stock as restricted stock compensation for two internal auditors, excluding outside auditors. The disposal, approved by the board on March 11, 2025, aims to incentivize the internal auditors by aligning their interests with those of shareholders, preventing the undermining of the company's corporate value. The per-share disposal price is ¥7,350, totaling ¥7,188,300. The payment date is set for April 10, 2025. The compensation plan involves the auditors contributing monetary compensation claims to receive shares, with a restriction on transferring the shares until they leave their positions as directors or auditors.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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