Business
Aisin : Notice Concerning Disposal of Treasury Stock as Restricted Stock Compensation
Aisin : Notice Concerning Disposal of Treasury Stock as Restricted Stock
About this update from Aisin Corporation
Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. May 20, 2026 Company name: AISIN CORPORATION Name of representative: Moritaka Yoshida, President (Securities code: 7259; Tokyo and Nagoya Stock Exchanges) Inquiries: Takashi Kurauchi, General Manager Finance & Accounting Dept. (Telephone: +81-566-24-8265) Notice Concerning Disposal of Treasury Stock as Restricted Stock Compensation AISIN CORPORATION (hereinafter the "Company") announces that the Board of Directors has decided to dispose of treasury stock (hereinafter referred to as the "disposal of treasury stock" or "disposal") by the meeting of the Board of Directors held on May 20, 2026. The details are as follows. Outline of Disposal (1) Disposal date June 22, 2026 (2) Class and number of shares to be disposed 183,119 shares of common stock of the Company (3) Disposal price 2,389 yen per share (4) Total value of shares to be disposed 437,471,291 yen (5) Allottees and number thereof, number of shares to be disposed 3 Directors (excluding outside directors): 73,250 shares 8 Corporate Officers who don't serve as directors: 70,319 shares 11 Executive Officers: 39,550 shares (6) Others The Company has submitted an extraordinary report regarding the Disposal of Treasury Stock pursuant to the Financial Instruments and Exchange Act. Purpose and reasons for disposal At the meeting of the Board of Directors held on May 24, 2019, the Company has resolved to introduce a stock-based compensation plan (hereinafter referred to as the "Plan") as a new compensation system for our directors (excluding outside directors; hereinafter referred to as "Eligible Directors") with the aim of promoting value sharing further with our shareholders, and at the 96th Ordinary General Meeting of Shareholders held on June 18, 2019, under the plan, the Company has received approval to pay monetary claims of up to 100 million yen per year to Eligible Directors, issue or dispose of up to 75,000 shares* of the Company common stock per year, and set a period of restriction on the transfer of Restricted Stock for a period for 30 years, as monetary compensation (hereinafter referred to as "Restricted Stock Compensation") for the acquisition of Restricted Stock. In addition, a...