Advantest to dispose of treasury stock for executive compensation
Advantest Corporation resolved at a Board of Directors' meeting on December 18, 2025, to dispose of 170,488 shares of common stock at a price of 19,450 yen per share, totaling 3,315,991,600 yen. The disposal is set for February 2, 2026, and targets eight executive officers not concurrently serving as directors, under the Post-issued Restricted Stock Unit Plan. This initiative aims to align executive incentives with the continuous improvement of corporate value and shareholder interests. The disposal is contingent on the Securities Registration Statement taking effect under the Financial Instruments and Exchange Act.
The Restricted Stock Compensation Plan, introduced on May 21, 2021, and approved by shareholders on June 28, 2024, allocates monetary claims to directors and executive officers for acquiring restricted shares. For non-resident eligible persons, the Post-issued Restricted Stock Unit Plan applies, maintaining similar terms but adjusting the timing of share issuance or disposal. The payment amount per share is based on the closing price of Advantest's common stock on the Tokyo Stock Exchange Prime Market from December 17, 2025, to ensure fairness and eliminate arbitrariness.
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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