Nissan to dispose of treasury stock under RSU plan

Nissan Motor Co., Ltd. (TSE: 7201) announced its decision to withdraw its existing shelf registration statement for the disposal of treasury stock, initially submitted on June 28, 2023, and to file a new one. This move is linked to the company's restricted stock unit (RSU) plan, introduced in FY2020, designed as post-vesting compensation for employees. The initial registration is expiring soon, necessitating a new filing to proceed with treasury stock disposal. The new shelf registration covers shares with a maximum provision amount of JPY 1,400,000,000. The disposal period is expected to run from July 3, 2025, to July 2, 2027. Shares of common stock of the Company will be allotted to Recipients by deeming that there has been a contribution-in-kind of the monetary compensation claims granted to each Recipient, and no proceeds will be gained by the Company.