Suruga Bank Extends Performance-Linked Trust Stock Incentive for Executives

Suruga Bank ( (JP:8358) ) has issued an update.

Suruga Bank has resolved to continue its trust-type stock compensation system for executive directors and executive officers, aligning it with the new mid-term business plan covering fiscal years 2026 to 2028. The scheme, structured as a Board Incentive Plan Trust, will use performance indicators such as ROE to determine share-based remuneration, aiming to strengthen management incentives for sustained value creation.

The bank will make additional monetary contributions to the existing trust, which will purchase Suruga Bank shares on the market and later deliver them, or their cash equivalent, to eligible executives based on performance. Governance of the scheme, including revisions to share delivery rules and oversight of remuneration decisions, is anchored in board resolutions and a majority-independent Nomination and Compensation Committee to ensure transparency and objectivity.

More about Suruga Bank

Suruga Bank, Ltd. is a regional Japanese bank listed on the Prime Market of the Tokyo Stock Exchange under code 8358. The bank provides retail and corporate banking services, focusing on enhancing corporate value and performance over the mid- to long-term through governance and incentive reforms for its management team.

Average Trading Volume: 809,903

Technical Sentiment Signal: Buy

Current Market Cap: Yen434B

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