Gree Holdings overhauls executive pay structure

Gree Holdings' board approved a revised executive compensation system that ties pay directly to performance metrics.

The new structure features equal ratios for basic compensation, annual bonus, and stock compensation. Performance-linked components can fluctuate between 0% and 200% based on company and individual results.

Stock compensation tied to three-year performance will be restricted from sale for one year post-retirement. Executives must hold company shares equivalent to 300% of basic compensation, with the chief executive required to hold 600%.