Yokogawa Bridge Holdings Corp. (JP:5911) has released an update.
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Yokogawa Bridge Holdings Corp. has announced the disposal of 250,000 treasury shares to Sumitomo Mitsui Trust Bank for stock-based compensation plans, aiming to align director compensation with share value and corporate performance. The disposal, at 2,630 yen per share, totals 657.5 million yen, with the intention to enhance long-term corporate value and have a minimal impact on the secondary market. The share-based compensation plan was established in 2018 and has been modified to include certain directors and executive officers.
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