DeNA Overhauls Executive Pay, Replacing Stock Options with Performance Share and Restricted Stock Plans

DeNA Co ( (JP:2432) ) has provided an announcement.

DeNA’s board has approved a revision of its executive compensation system, introducing a performance-based subsequent delivery-type share plan for inside directors and a restricted stock plan for outside directors, both subject to shareholder approval at the June 27 annual meeting. The move is designed to replace existing stock option-based compensation, cap equity-linked awards within defined profit-based limits, and more tightly link director pay to earnings, stock price movements, and shareholder interests.

Under the new Plan I, inside directors will receive performance share units convertible into common shares based on multi-year performance targets set by the board, with transfer restrictions imposed to encourage long-term value creation. Plan II will grant restricted stock to outside directors, aligning their incentives with shareholders by exposing them to both gains and losses in DeNA’s share price, while the company abolishes new stock option grants for eligible directors and maintains overall compensation discipline within existing monetary limits.

The most recent analyst rating on (JP:2432) stock is a Hold with a Yen2070.00 price target. To see the full list of analyst forecasts on DeNA Co stock, see the JP:2432 Stock Forecast page.

More about DeNA Co

DeNA Co., Ltd. is a Japan-based technology company listed on the Tokyo Stock Exchange Prime Market, operating primarily in internet services, including mobile games, e-commerce, and related digital platforms. The company focuses on shareholder-oriented management and aligns executive incentives with corporate performance and stock value in order to enhance long-term corporate value.

Average Trading Volume: 2,018,944

Technical Sentiment Signal: Strong Buy

Current Market Cap: Yen295.5B

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