Nissan Motor Co (JP:7201) has released an update.
Nissan Motor Co., Ltd. has announced the disposal of its treasury stock to provide stock-based compensation (RSUs) as part of an incentive plan for selected executives, officers, and employees. The plan aims to align their interests with shareholders by sharing the risk and benefits of stock price changes, and the disposal involves 1,280,251 common shares at a price of JPY 539.7 per share. The shares will vest over three years, subject to continued employment and other conditions.
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