Hachijuni Bank to offer restricted stock to employees

Hachijuni Bank announced a resolution to introduce a "Restricted Stock Incentive Plan for the Group's Employee Shareholding Association," involving the disposal of 2,029,900 treasury shares of the bank's common stock. The disposal is set for April 1, 2026, at a price of JPY1,645.5 per share, totaling JPY3,340,200,450. This initiative, designed to foster asset building and provide incentives for sustainable corporate value, will be implemented through a third-party allotment to the Shareholding Association.

The plan aims to provide opportunities for up to 4,318 eligible employees across the bank and its subsidiaries to acquire the bank's common stock. The number of shares granted to each employee will vary based on position and years of service, with general managers receiving 400 shares and employees with 30 years or more of service receiving 700 shares. The disposal price of JPY1,645.5 represents the closing price on the Tokyo Stock Exchange Prime Market on November 27, 2025.

The transfer restriction period for these shares will run from April 1, 2026, to August 1, 2060. Restrictions will be lifted upon continuous membership in the Shareholding Association, with provisions for early lifting in cases of withdrawal due to mandatory retirement, death, or overseas transfer. The bank maintains the right to acquire shares without compensation under specific conditions, such as violations of laws or regulations by the employee.