Denso Corporation Board Approves Disposal of Treasury Stock for Restricted Stock Compensation Plan
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Denso Corporation's Board of Directors has approved the disposal of 267,679 shares of treasury stock for a new stock-based compensation plan aimed at incentivizing directors and senior executives. The shares will be sold at 1,922 yen each, totaling approximately 514.5 million yen. This plan, approved at the 97th Ordinary General Meeting of Shareholders, aligns directors' interests with those of shareholders, allowing for monetary claims up to 200 million yen annually and the issuance of up to 100,000 shares per year. The disposal is scheduled for June 16, 2025.
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