Release
2024/04/22
OSAKA, Japan, April 22, 2024 - Shionogi & Co., Ltd. (Head Office: Osaka, Japan; Chief Executive Officer: Isao Teshirogi, Ph.D.; hereafter "Shionogi") announced that, at the meeting of its Board of Directors held on March 2024, it was decided to introduce the restricted stock compensation plan (hereinafter "the Plan"), which was introduced in 2018 for Shionogi's Executive Directors, to the Vice Presidents.
1. Overview of the plan
The "medium-term performance-linked stock compensation" that has been introduced for Shionogi's Executive Directors excluding outside directors will be introduced to the Vice Presidents. In addition, the same will apply to executive officers who have already introduced "long-term stock compensation". The reasonably expected total amount of stock compensation for the eligible persons is approximately 250 million yen.
2. Purpose of introduction
In the medium-term business plan STS2030 Revision, Shionogi aims to accelerate growth through global expansion, to achieve "global top-line growth and establishment of growth drivers through aggressive investment, especially in the infectious disease area". The purpose of introducing medium-term performance-linked stock compensation is to provide an incentive for sustainable growth in corporate value, thereby encouraging executives and employees to come together and further link compensation to medium- to long-term performance, thereby promoting shared value with shareholders.
We will soon share more information about the system once we determine them.
For Further Information, Contact:
SHIONOGI Website Inquiry Form : https://www.shionogi.com/global/en/contact.html