Aozora Bank (JP:8304) has released an update.
Aozora Bank, Ltd. has finalized the conditions for issuing Equity Compensation Type Stock Options, totaling 4,528 units to be allocated among its Full-time Directors and Executive Officers. The underlying shares number 45,280, with each stock option set at a price of 23,850 yen, calculated using the Black-Scholes Model. The Officers’ cash compensation will be substituted by the stock option value rather than a direct payment.
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