Suzuki Motor (JP:7269) has released an update.
Suzuki Motor Corporation has announced the disposal of treasury stock as restricted stock compensation for five directors, to be executed on August 2, 2024. The plan involves 126,300 shares priced at 1,954 yen each, totaling about 246.79 million yen, aimed at incentivizing directors to improve corporate value and align their interests with those of the shareholders. The shares come with the condition that they cannot be transferred until the director’s retirement, with provisions for share acquisition by the company under certain circumstances.
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