Sony finalizes terms for two series of employee stock options

Sony Group Corporation has finalized the terms for its fifty-third and fifty-fourth series of stock acquisition rights, issued as stock options. The fifty-third series will allocate 20,387 rights to 171 individuals, including corporate executive officers and employees of Sony and its subsidiaries. These rights will allow for the acquisition of 2,038,700 common shares, with each right convertible into 100 shares. The payment for each right in this series is 138,600 yen (1,386 yen per share), with an exercise price of 451,200 yen per right (4,512 yen per share).

The fifty-fourth series will allocate 9,383 rights to 24 individuals, comprising employees of Sony and directors, officers, and employees of its subsidiaries, covering 938,300 common shares at 100 shares per right. The payment for each right in this series is $897 ($8.97 per share), and the exercise price is $2,888 per right ($28.88 per share). For both series, payments will be offset against remuneration claims, meaning no direct monetary payment is required from the allottees at issuance, conditional on signing an allocation agreement.