Nomura Determines to Make Disposition of Treasury Shares as Stock Award
Tokyo, May 16, 2024Nomura Holdings, Inc. (the Company) today announced that its Executive Management Board has determined to make a
disposition of treasury stock as outlined below (the Decision)1.
1. |
Purpose of Disposition of Treasury Stock |
As the Company announced in Nomura to Grant Restricted Stock Units (RSUs) and Performance Share Units (PSUs) issued on April 26,
2024, the Company has determined to grant Restricted Stock Units (RSUs) based on the RSU plan (the RSU Plan) for directors, executive officers, and employees of the Company and its subsidiaries as deferred compensation using the
Companys treasury stock, and Performance Share Units (PSUs) based on the PSU plan (the PSU Plan) for directors and executive officers of the Company as deferred compensation using the Companys treasury stock.
Under the RSU Plan, in principle, after the expiration of a deferral period determined beforehand by the Company, the Company will dispose of
and allot treasury stock in a number corresponding to the number of RSUs granted to each allottee which number is determined beforehand by the Company, by having the allottees make a contribution in kind to the Company of monetary compensation
claims granted to the allottees.
Under the PSU Plan, in principle, after the expiration of a three-year performance evaluation period,
depending on the degree of achievement of the performance targets for the performance evaluation period, determined beforehand by the Company, the Company will dispose of and allot treasury stock in a number corresponding to the number of PSUs
granted to each allottee which number is determined beforehand by the Company, by having the allottees make a contribution in kind to the Company of monetary compensation claims granted to the allottees.
The allotment date for the disposition of treasury stock for RSUs under the Decision corresponds to the above-mentioned deferral period is
generally a date that is approximately one, two or three years from the date of the Decision, respectively, for RSU No.43 to No.45. As for certain overseas employees who are subject to remuneration regulations in Europe, the allotment date is a date
that is approximately four, five, six or seven years from the date of the Decision, respectively, for RSU No.46 to No.49.
The allotment
date for the disposition of treasury stock for PSUs under the Decision corresponds to the above-mentioned performance evaluation period is generally a date that is approximately three years from the date of the Decision for PSU No.1.
1 |
Allotment of the disposition of treasury stock to each of the Companys directors and executive
officers is in accordance with the decision made by the Compensation Committee. |