Rakuten Bank, Ltd. (JP:5838) has released an update.
Rakuten Bank, Ltd. has announced the issuance of stock acquisition rights (SARs) to its director as a form of stock options, aimed at aligning the director’s interests with shareholders and incentivizing long-term performance improvement. These rights, which become exercisable within 10 days of the director’s retirement, are part of a strategy to retain talented personnel and enhance corporate and shareholder value. No payment is required from the director for the receipt of these rights, and they have a 40-year exercise period.
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