HOYA Announces Executive Incentive Stock Disposal

HOYA (JP:7741) has released an update.

HOYA CORPORATION has announced that its Board of Directors has approved the disposal of treasury stock as part of its Performance Based Stock Compensation Plan designed to incentivize executives. A total of 2,000 common shares will be disposed of at 18,940 YEN per share, aiming to boost long-term business performance and increase corporate value. The disposal is targeted at Executive Officers as part of a plan that adjusts compensation based on the achievement of performance targets over a three-year period.

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