Mazda Motor (JP:7261) has released an update.
Mazda Motor Corporation has resolved to dispose of its treasury stock to directors and executive officers as part of a restricted stock remuneration plan, aiming to align the interests of its directors with shareholders and motivate them to enhance long-term corporate value. A total of 277,440,150 yen worth of shares will be granted to certain eligible directors and officers, with the shares subject to a transfer restriction period until their retirement or resignation. This plan was approved following the guidelines set out at Mazda’s 158th Ordinary General Meeting of Shareholders.
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