Sumitomo Mitsui (SMFG) has released an update.
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Sumitomo Mitsui Financial Group, Inc. (SMFG) has announced the issuance of 341,902 new shares at 11,245 yen each as part of its Stock Compensation Plans for executives. The initiative aims to better align the interests of executives with those of shareholders and boost performance incentive alignment. Shares will be allotted to various executives within the company and its subsidiaries, with specific conditions for their release and potential retrieval.
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