Toyota Motor Corp Amends Employee Share-Based Compensation Plan

Key Highlights

• Toyota Motor Corporation (TMC) is amending its share-based compensation plan for employees.
• The amendments primarily concern the vesting date and other provisions of the plan.
• The plan grants points based on individual and company performance, delivering TMC shares from an ESOP trust.
• Previously, the vesting date for retirement was the first business day of August following the fiscal year-end.
• The amended plan sets the vesting date for retirement as the date of retirement itself.
• New provisions address situations where an employee becomes a resident of a country not covered by the plan.