Tokio Marine : Notice of Finalization of Details of Stock-Based Compensation System (67KB)PDF
September 13, 2021 at 03:12 am EDT
Share
September 13, 2021
Tokio Marine Holdings, Inc.
1-2-1 Marunouchi, Chiyoda-ku, Tokyo
TSE code: 8766
Notice of Finalization of Details of Stock-Based Compensation System
Tokio Marine Holdings, Inc. (hereinafter, the "Company") and its main subsidiaries (*) (hereinafter, the "Target Subsidiaries," and together with the Company, the "Target Companies") made a resolution to introduce a stock-based compensation system (hereinafter referred to as the "System" and a trust to be created pursuant to a trust agreement to be concluded with Mitsubishi UFJ Trust and Banking Corporation in connection with the System shall be referred to as the "Trust") for the Directors and Executive Officers of the Target Companies (hereinafter, the "Eligible Directors, etc.") at the Company's Board of Directors meeting held on March 22, 2021 and the Board of Directors meetings of the respective Target Subsidiaries. The introduction of the System was approved at the 19th ordinary general meeting of shareholders of the Company on June 28, 2021 and at the general meetings of shareholders of the respective Target Subsidiaries. The Company announces today that the details of the System have been finalized.
Tokio Marine & Nichido Fire Insurance Co., Ltd., Nisshin Fire & Marine Insurance Co., Ltd., and Tokio Marine & Nichido Life Insurance Co., Ltd.
1. Overview of the Trust
(1)
Type of trust:
Monetary trust other than a specified solely administered
monetary trust (third-party benefit trust)
(2) Trustor:
The Company
(3)
Trustee:
Mitsubishi UFJ Trust and Banking Corporation
(Co-trustee: The Master Trust Bank of Japan, Ltd.)
(4)
Beneficiaries:
People who have resigned as the Eligible Directors, etc. and meet
the beneficiary requirement
(5)
Trust Administrator:
Third party who has no interest in the Company (certified public
accountant)
(6)
Date of trust agreement:
September 13, 2021
(7)
Entrustment date of money:
September 13, 2021
(8)
Trust period:
September 13, 2021 to August 31, 2024 (planned)
2. Details of the Acquisition of the Company Shares by the Trust
(1) Type of shares to be acquired:
Common stocks of the Company
Money entrusted to acquire shares: 5,278 million yen
Maximum number of shares authorized to acquire: 914,100 shares
(4)
Share acquisition method:
Acquire from a stock market
(5)
Share acquisition period:
September 14, 2021 to September 22, 2021 (planned)
End
1/1
Attachments
Original document
Permalink
Disclaimer
Tokio Marine Holdings Inc. published this content on 13 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 September 2021 07:11:02 UTC.
Tokio Marine Holdings, Inc. is a holding company organized around 3 areas of activity:
- non life insurance (50.3% of net sales);
- life insurance (14.2%);
- other (1.2%): primarily financial services.
The remaining sales (34.3%) concerns the international insurance activities.
TOKIO MARINE HOLDINGS, INC. 
