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[6-K] Sony Group Corporation American Current Report (Foreign Issuer)

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Rhea-AI Filing Summary

Sony Group Corporation has announced a significant RSU (Restricted Stock Units) grant program across four series targeting different employee levels:

Key Details:

  • Thirteenth Series: 38,520 shares allocated to 9 directors with 9-year vesting period
  • Fourteenth Series: 1,098,398 shares for 15 recipients including corporate officers and subsidiary directors with 3-year vesting
  • Fifteenth Series: 1,647,739 shares for 382 recipients including employees with 3-year staged vesting (1/3 annually)
  • Sixteenth Series: 43,460 shares for 4 corporate executive officers with position-dependent vesting

Grant date is scheduled for July 25, 2025. The plan includes provisions for early vesting upon death or justified departures, and adjustments for corporate reorganizations. Share delivery will be executed through treasury shares, with pricing based on Tokyo Stock Exchange closing prices.

Sony Group Corporation ha annunciato un importante programma di assegnazione di RSU (Restricted Stock Units) suddiviso in quattro serie, rivolto a diversi livelli di dipendenti:

Dettagli principali:

  • Tredicesima Serie: 38.520 azioni assegnate a 9 amministratori con un periodo di maturazione di 9 anni
  • Quattordicesima Serie: 1.098.398 azioni per 15 beneficiari, tra cui dirigenti aziendali e amministratori di controllate, con un periodo di maturazione di 3 anni
  • Quindicesima Serie: 1.647.739 azioni per 382 beneficiari, inclusi dipendenti, con maturazione scaglionata su 3 anni (1/3 ogni anno)
  • Sedicesima Serie: 43.460 azioni per 4 dirigenti aziendali con maturazione variabile in base alla posizione

La data di assegnazione è prevista per il 25 luglio 2025. Il piano prevede la maturazione anticipata in caso di decesso o uscite giustificate, oltre ad adeguamenti per riorganizzazioni societarie. La consegna delle azioni avverrà tramite azioni proprie, con il prezzo basato sui prezzi di chiusura della Borsa di Tokyo.

Sony Group Corporation ha anunciado un programa significativo de concesión de RSU (Unidades de Acciones Restringidas) dividido en cuatro series dirigidas a distintos niveles de empleados:

Detalles clave:

  • Décima tercera serie: 38,520 acciones asignadas a 9 directores con un período de adquisición de 9 años
  • Décima cuarta serie: 1,098,398 acciones para 15 beneficiarios, incluidos ejecutivos corporativos y directores de subsidiarias, con un período de adquisición de 3 años
  • Décima quinta serie: 1,647,739 acciones para 382 beneficiarios, incluidos empleados, con adquisición escalonada en 3 años (1/3 anualmente)
  • Décima sexta serie: 43,460 acciones para 4 ejecutivos corporativos con adquisición dependiente del puesto

La fecha de concesión está programada para el 25 de julio de 2025. El plan incluye disposiciones para la adquisición anticipada en caso de fallecimiento o salidas justificadas, y ajustes por reorganizaciones corporativas. La entrega de acciones se realizará mediante acciones en tesorería, con precios basados en los cierres de la Bolsa de Tokio.

Sony Group Corporation는 다양한 직원 수준을 대상으로 하는 네 가지 시리즈의 RSU(제한 주식 단위) 부여 프로그램을 발표했습니다:

주요 내용:

  • 13번째 시리즈: 9명의 이사에게 38,520주 할당, 9년 베스팅 기간
  • 14번째 시리즈: 15명의 수혜자(기업 임원 및 자회사 이사 포함)에게 1,098,398주, 3년 베스팅
  • 15번째 시리즈: 382명의 수혜자(직원 포함)에게 1,647,739주, 3년에 걸쳐 단계별 베스팅(매년 3분의 1씩)
  • 16번째 시리즈: 4명의 기업 임원에게 43,460주, 직위에 따른 베스팅

부여 예정일은 2025년 7월 25일입니다. 본 계획에는 사망 또는 정당한 퇴사 시 조기 베스팅 조항과 기업 재편 시 조정 조항이 포함되어 있습니다. 주식은 자사주를 통해 제공되며, 가격은 도쿄 증권거래소 종가를 기준으로 합니다.

Sony Group Corporation a annoncé un programme important d'attribution d'unités d'actions restreintes (RSU) réparti en quatre séries ciblant différents niveaux d'employés :

Détails clés :

  • Treizième série : 38 520 actions allouées à 9 administrateurs avec une période d'acquisition de 9 ans
  • Quatorzième série : 1 098 398 actions pour 15 bénéficiaires, dont des cadres d'entreprise et des administrateurs de filiales, avec une période d'acquisition de 3 ans
  • Quinzième série : 1 647 739 actions pour 382 bénéficiaires, dont des employés, avec une acquisition échelonnée sur 3 ans (1/3 chaque année)
  • Seizième série : 43 460 actions pour 4 cadres dirigeants avec une acquisition dépendant du poste

La date d'attribution est prévue pour le 25 juillet 2025. Le plan prévoit des dispositions pour une acquisition anticipée en cas de décès ou de départ justifié, ainsi que des ajustements en cas de réorganisations d'entreprise. La livraison des actions se fera via des actions propres, avec un prix basé sur les cours de clôture de la Bourse de Tokyo.

Die Sony Group Corporation hat ein bedeutendes RSU (Restricted Stock Units) Zuteilungsprogramm angekündigt, das sich über vier Serien erstreckt und verschiedene Mitarbeiterebenen anspricht:

Wichtige Details:

  • Dreizehnte Serie: 38.520 Aktien, zugeteilt an 9 Direktoren mit einer Sperrfrist von 9 Jahren
  • Vierzehnte Serie: 1.098.398 Aktien für 15 Empfänger, darunter Unternehmensleiter und Tochtergesellschafts-Direktoren, mit einer Sperrfrist von 3 Jahren
  • Fünfzehnte Serie: 1.647.739 Aktien für 382 Empfänger, darunter Mitarbeiter, mit gestaffelter Sperrfrist über 3 Jahre (je ein Drittel jährlich)
  • Sechzehnte Serie: 43.460 Aktien für 4 Unternehmensvorstände mit positionsabhängiger Sperrfrist

Das Zuteilungsdatum ist für den 25. Juli 2025 geplant. Der Plan beinhaltet Regelungen für eine vorzeitige Sperrfrist bei Tod oder gerechtfertigtem Ausscheiden sowie Anpassungen bei Unternehmensumstrukturierungen. Die Aktien werden über eigene Aktien geliefert, wobei der Preis auf den Schlusskursen der Tokioter Börse basiert.

Positive
  • Sony is granting significant RSU compensation packages to retain key talent, with total awards covering approximately 2.8 million shares across different employee levels
  • The RSU program includes a broad-based component covering 382 employees, indicating strong commitment to employee retention and alignment with shareholder interests
  • Executive compensation structure includes long-term vesting periods (up to 9 years for directors), promoting long-term alignment with company performance
Negative
  • The substantial equity dilution from approximately 2.8 million new shares (RSUs) could impact existing shareholders
  • The RSU program includes accelerated vesting provisions that could result in unexpected share issuances under certain conditions

Sony Group Corporation ha annunciato un importante programma di assegnazione di RSU (Restricted Stock Units) suddiviso in quattro serie, rivolto a diversi livelli di dipendenti:

Dettagli principali:

  • Tredicesima Serie: 38.520 azioni assegnate a 9 amministratori con un periodo di maturazione di 9 anni
  • Quattordicesima Serie: 1.098.398 azioni per 15 beneficiari, tra cui dirigenti aziendali e amministratori di controllate, con un periodo di maturazione di 3 anni
  • Quindicesima Serie: 1.647.739 azioni per 382 beneficiari, inclusi dipendenti, con maturazione scaglionata su 3 anni (1/3 ogni anno)
  • Sedicesima Serie: 43.460 azioni per 4 dirigenti aziendali con maturazione variabile in base alla posizione

La data di assegnazione è prevista per il 25 luglio 2025. Il piano prevede la maturazione anticipata in caso di decesso o uscite giustificate, oltre ad adeguamenti per riorganizzazioni societarie. La consegna delle azioni avverrà tramite azioni proprie, con il prezzo basato sui prezzi di chiusura della Borsa di Tokyo.

Sony Group Corporation ha anunciado un programa significativo de concesión de RSU (Unidades de Acciones Restringidas) dividido en cuatro series dirigidas a distintos niveles de empleados:

Detalles clave:

  • Décima tercera serie: 38,520 acciones asignadas a 9 directores con un período de adquisición de 9 años
  • Décima cuarta serie: 1,098,398 acciones para 15 beneficiarios, incluidos ejecutivos corporativos y directores de subsidiarias, con un período de adquisición de 3 años
  • Décima quinta serie: 1,647,739 acciones para 382 beneficiarios, incluidos empleados, con adquisición escalonada en 3 años (1/3 anualmente)
  • Décima sexta serie: 43,460 acciones para 4 ejecutivos corporativos con adquisición dependiente del puesto

La fecha de concesión está programada para el 25 de julio de 2025. El plan incluye disposiciones para la adquisición anticipada en caso de fallecimiento o salidas justificadas, y ajustes por reorganizaciones corporativas. La entrega de acciones se realizará mediante acciones en tesorería, con precios basados en los cierres de la Bolsa de Tokio.

Sony Group Corporation는 다양한 직원 수준을 대상으로 하는 네 가지 시리즈의 RSU(제한 주식 단위) 부여 프로그램을 발표했습니다:

주요 내용:

  • 13번째 시리즈: 9명의 이사에게 38,520주 할당, 9년 베스팅 기간
  • 14번째 시리즈: 15명의 수혜자(기업 임원 및 자회사 이사 포함)에게 1,098,398주, 3년 베스팅
  • 15번째 시리즈: 382명의 수혜자(직원 포함)에게 1,647,739주, 3년에 걸쳐 단계별 베스팅(매년 3분의 1씩)
  • 16번째 시리즈: 4명의 기업 임원에게 43,460주, 직위에 따른 베스팅

부여 예정일은 2025년 7월 25일입니다. 본 계획에는 사망 또는 정당한 퇴사 시 조기 베스팅 조항과 기업 재편 시 조정 조항이 포함되어 있습니다. 주식은 자사주를 통해 제공되며, 가격은 도쿄 증권거래소 종가를 기준으로 합니다.

Sony Group Corporation a annoncé un programme important d'attribution d'unités d'actions restreintes (RSU) réparti en quatre séries ciblant différents niveaux d'employés :

Détails clés :

  • Treizième série : 38 520 actions allouées à 9 administrateurs avec une période d'acquisition de 9 ans
  • Quatorzième série : 1 098 398 actions pour 15 bénéficiaires, dont des cadres d'entreprise et des administrateurs de filiales, avec une période d'acquisition de 3 ans
  • Quinzième série : 1 647 739 actions pour 382 bénéficiaires, dont des employés, avec une acquisition échelonnée sur 3 ans (1/3 chaque année)
  • Seizième série : 43 460 actions pour 4 cadres dirigeants avec une acquisition dépendant du poste

La date d'attribution est prévue pour le 25 juillet 2025. Le plan prévoit des dispositions pour une acquisition anticipée en cas de décès ou de départ justifié, ainsi que des ajustements en cas de réorganisations d'entreprise. La livraison des actions se fera via des actions propres, avec un prix basé sur les cours de clôture de la Bourse de Tokyo.

Die Sony Group Corporation hat ein bedeutendes RSU (Restricted Stock Units) Zuteilungsprogramm angekündigt, das sich über vier Serien erstreckt und verschiedene Mitarbeiterebenen anspricht:

Wichtige Details:

  • Dreizehnte Serie: 38.520 Aktien, zugeteilt an 9 Direktoren mit einer Sperrfrist von 9 Jahren
  • Vierzehnte Serie: 1.098.398 Aktien für 15 Empfänger, darunter Unternehmensleiter und Tochtergesellschafts-Direktoren, mit einer Sperrfrist von 3 Jahren
  • Fünfzehnte Serie: 1.647.739 Aktien für 382 Empfänger, darunter Mitarbeiter, mit gestaffelter Sperrfrist über 3 Jahre (je ein Drittel jährlich)
  • Sechzehnte Serie: 43.460 Aktien für 4 Unternehmensvorstände mit positionsabhängiger Sperrfrist

Das Zuteilungsdatum ist für den 25. Juli 2025 geplant. Der Plan beinhaltet Regelungen für eine vorzeitige Sperrfrist bei Tod oder gerechtfertigtem Ausscheiden sowie Anpassungen bei Unternehmensumstrukturierungen. Die Aktien werden über eigene Aktien geliefert, wobei der Preis auf den Schlusskursen der Tokioter Börse basiert.

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D. C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

 

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

 

For the month of June 2025

Commission File Number: 001-06439

 

SONY GROUP CORPORATION

(Translation of registrant’s name into English)

 

1-7-1 KONAN, MINATO-KU, TOKYO, 108-0075, JAPAN

(Address of principal executive offices)

 

The registrant files annual reports under cover of Form 20-F.

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F,

 

Form 20-F x  Form 40-F ¨

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

SONY GROUP CORPORATION

(Registrant)

 

     
  By: /s/ Lin Tao
      (Signature)
  Lin Tao
  Chief Financial Officer

 

Date: June 25, 2025

 

List of Materials

 

Documents attached hereto:

 

i) Press release: Granting of Restricted Stock Units (“RSUs”)

 

 

 

 

June 25, 2025

Sony Group Corporation

 

Granting of Restricted Stock Units (“RSUs”)

 

In the fiscal year ended March 31, 2023, Sony Group Corporation (the “Corporation”) introduced a stock compensation plan under which shares of its common stock are delivered after the vesting of RSUs (the “Plan”). Today the Corporation announces that it has decided to grant RSUs to the directors, corporate executive officers and employees of the Corporation, and to the directors, officers and employees of the subsidiaries of the Corporation (the “Recipients”) under the Plan, as follows.

 

1.Summary of Thirteenth Series RSUs

 

(1)Designation of the Recipients, the number of Recipients and the number of RSUs to be granted

 

Directors of the Corporation 9 persons (RSUs corresponding to a total of up to 38,520 shares)

  

(2)Method of Vesting

 

On the condition that the Recipient holds, throughout the period between the date of grant of the RSUs and the first day of the month following the month of the ninth anniversary of the date of grant (if such date falls on a holiday of the Corporation, the following business day), a position as a director of the Corporation, all RSUs held by the Recipient shall vest on the first day of the month following the month of the ninth anniversary of the date of grant (if such date falls on a holiday of the Corporation, the following business day); provided, however, if, before the vesting, the Recipient ceases to hold his or her position as a director of the Corporation (and if such Recipient is a U.S. taxpayer, the Recipient ceases to hold his or her position in a way that such loss of position constitutes a “separation from service” as defined under U.S. Treasury Regulation Section 1.409A-1(h)), due to his or her death or any other justifiable reason that is approved by the Compensation Committee (which shall be accepted by the Compensation Committee unless there is a special circumstance) at a certain time after the loss of such position with the Corporation as stated in Section 6. below, the outstanding RSUs at the time of the loss of such position shall vest and the same number of shares (the “Number of Shares for RSUs”) shall be delivered.

 

2.Summary of Fourteenth Series RSUs

 

(1)Designation of the Recipients, the number of Recipients and the number of RSUs to be granted

 

Corporate executive officers of the Corporation 6 persons (RSUs corresponding to a total of up to 532,730 shares)
Employees of the Corporation 2 persons (RSUs corresponding to a total of up to 128,780 shares)
Directors and any other officers of the subsidiaries of the Corporation 7 persons (RSUs corresponding to a total of up to 436,888 shares)
Total 15 persons (RSUs corresponding to a total of up to 1,098,398 shares)

  

 

 

 

(2)Method of Vesting

 

On the condition that the Recipient holds, throughout the period between the date of grant of the RSUs and the first day of the month following the month of the third anniversary of the date of grant (if such date falls on a holiday of the Corporation, the following business day), a position as a director, a corporate executive officer and/or any other officer at, or an employee of, the Corporation and/or a Related Company of the Corporation (a “Related Company” means a “subsidiary (kogaisha)” as defined in Article 8, Paragraph 3 of the Ordinance on the Terminology, Forms and Preparation Methods of Financial Statements, etc. or an “affiliated company (kanren kaisha)” as defined in Paragraph 5 of such Article (hereinafter the same shall apply); and together with the Corporation, the “Group Companies”), all RSUs held by the Recipient shall vest on the first day of the month following the month of the third anniversary of the date of grant (if such date falls on a holiday of the Corporation, the following business day); provided, however, if, before the vesting, the Recipient ceases to hold all of his or her positions as a director, a corporate executive officer and/or any other officer at, and, if applicable, ceases to be an employee of, the Group Companies due to his or her death or any other justifiable reason that is approved by the Compensation Committee or the Representative Corporate Executive Officer of the Corporation, at a certain time after the loss of such position with the Group Companies as stated in Section 6, a pro-rata portion of the outstanding RSUs shall vest and the Number of Shares for RSUs shall be delivered; the pro-rata portion of RSUs shall be determined by the Corporation according to the length of time between the date of grant of the RSUs and the date of the loss of such position with the Group Companies. However, the Compensation Committee, the Representative Corporate Executive Officer or the Senior Executive in charge of Human Resources of the Corporation may adjust the number of shares to be delivered within the number of RSUs that the Recipient holds.

 

3.Summary of Fifteenth Series RSUs

 

(1)Designation of the Recipients, the number of Recipients and the number of RSUs to be granted

 

Employee of the Corporation 1 person (RSUs corresponding to a total of up to 16,330 shares)
Director and any other officers of the subsidiaries of the Corporation 23 persons (RSUs corresponding to a total of up to 153,013 shares)
Employees of the subsidiaries of the Corporation 358 persons (RSUs corresponding to a total of up to 1,478,396 shares)
Total 382 persons (RSUs corresponding to a total of up to 1,647,739 shares)

 

(2)Method of Vesting

 

On the condition that the Recipient holds, throughout the period between the date of grant of the RSUs and each date of vesting set out in column (1) of the table below, a position as a director, a corporate executive officer and/or any other officer at, or an employee of any of the Group Companies, the RSUs shall vest on each date of vesting as set out in column (2) of the table below (or, if the date falls on a holiday of the Corporation, the following business day). The number of the units that vest on the first day of the month following the month of the first anniversary of the date of grant or the first day of the month following the month of the second anniversary of the date of grant will be rounded down to the nearest one (1) units.

 

 

 

 

  <Date of vesting> (1) <Number of vesting units> (2)
     
a. First day of the month following the month of the 1st anniversary of the date of grant One-third of the number of units granted
     
b. First day of the month following the month of the 2nd anniversary of the date of grant One-third of the number of units granted
     
c. First day of the month following the month of the 3rd anniversary of the date of grant Remaining number of units granted

 

If, before the vesting, the Recipient ceases to hold all of his or her positions as a director, a corporate executive officer and/or any other officer at, and, if applicable, ceases to be an employee of, the Group Companies due to his or her death or any other justifiable reason that is approved by the Compensation Committee or the Representative Corporate Executive Officer of the Corporation, at a certain time after the loss of such position with the Group Companies as stated in Section 6. below, a pro-rata portion of the outstanding RSUs shall vest and the Number of Shares for RSUs shall be delivered; the pro-rata portion of RSUs shall be determined by the Corporation according to the length of time between the grant date of the RSUs and the date of the loss of such position with the Group Companies. However, the Compensation Committee the Representative Corporate Executive Officer or the Senior Executive in charge of Human Resources of the Corporation may adjust the number of shares to be delivered within the number of RSUs that the Recipient holds.

 

4.Summary of Sixteenth Series RSUs

 

(1)Designation of the Recipients, the number of Recipients and the number of RSUs to be granted

 

Corporate executive officers of the Corporation 4 persons (RSUs corresponding to a total of up to 43,460 shares)

 

(2)Method of Vesting

 

All the RSUs held by the Recipient shall vest on the date specified below corresponding to the period in which the Recipient ceases to hold a position as a Senior Executive of the Corporation (or, if the date falls on a holiday of the Corporation, the following business day); provided, however, if the Compensation Committee deems that there is a special circumstances under which the RSUs should not vest when the Recipient cease to be a Senior Executive, such as the case when the Recipient continues to hold any other executive position of the Corporation even after the loss of such position, all the RSUs held by such Recipient shall not vest when the Recipient cease to be a Senior Executive and shall vest on the date specified below corresponding to the period in which such Recipient ceases to hold all the positions that he or she holds as a director, a corporate executive officer and/or any other officer at, and, if applicable, ceases to be an employee of, the Group Companies (or, if the date falls on a holiday of the Corporation, the following business day). If the Recipient ceases to hold his or her positions mentioned above before the first day of the month following the month of the 1st anniversary of the date of grant, the date of vesting shall be adjusted to fall after the date on which the annual securities report of the Corporation for the fiscal year in which the date of grant falls (or, if the date of grant falls within six months after the start of the fiscal year of the Corporation, semi-annual securities report of the Corporation) has been submitted. In addition, the Corporation may adjust the date of the vesting within a reasonable extent from the perspective of administrative procedures.

 

Period Date of vesting (JST)
   
a) April 1 to July 17 August 1 of the same year
b) July 18 to November 16 December 1 of the same year
c) November 17 to March 31 April 15 immediately following the period indicated on the left

 

 

 

 

If, before the vesting, the Recipient ceases to hold all of his or her positions as a director, a corporate executive officer and/or an officer at, and, if applicable, ceases to be an employee of, the Group Companies due to his or her death, at a certain time after the loss of such position with the Group Companies as stated in Section 6. below, the outstanding RSUs at the time of his or her death shall vest and the Number of Shares for RSUs shall be delivered.

 

5.Date of Grant

 

July 25, 2025 (scheduled)

 

6.Method and Timing of Delivery of the Shares of Common Stock of the Corporation

 

After the vesting of the Thirteenth Series RSUs, the Fourteenth Series RSUs, the Fifteenth Series RSUs and the Sixteenth Series RSUs, the Corporation will promptly deliver the shares of common stock of the Corporation in the Number of Shares for RSUs by way of transferring treasury shares pursuant to the decision of the Representative Corporate Executive Officer of the Corporation through contribution in kind of monetary compensation receivables against the Group Companies that are provided by the Group Companies to the Recipients (the Corporation will cumulatively assume the debt obligation owed to the Recipients of the Related Companies in relation to the monetary compensation receivables that are granted to such Recipients of its Related Companies), provided, however, if any Recipient that received the Thirteenth Series RSUs is a U.S. taxpayer and a “specified employee” (as determined in accordance with Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations and guidance promulgated thereunder, including the exemptions therefrom (“Section 409A”)), the delivery of shares may be delayed to the extent necessary to comply with the requirements of Section 409A. The foregoing notwithstanding, if deemed necessary by the Corporation, instead of the Related Company granting a monetary compensation receivable to the Recipient, the Corporation may take measures it deems appropriate, such as having such Related Company pay money to such Recipient in an amount equal to the amount of such monetary compensation receivable. In this case, such Recipient shall acquire the shares of common stock of the Corporation in the Number of Shares for RSUs by paying cash to the Corporation in exchange for such shares. If the total number of issued shares of common stock of the Corporation increases or decreases due to stock consolidation or stock split (including free distribution of shares (musho wariate)), the Corporation will adjust the number of shares to be delivered by multiplying such number by the ratio of the consolidation or split.

 

In addition, the amount to be paid per share for the shares of common stock of the Corporation to be transferred under the Plan shall be determined by the Corporation (i) based on the closing price of the share of common stock of the Corporation in the regular trading thereof on the Tokyo Stock Exchange on the trading day immediately preceding the date when the Representative Corporate Executive Officer of the Corporation makes a decision with respect to such transfer (or, if no transaction has been effected on such trading day, the closing price on the immediately preceding trading day) and (ii) at a price that is not particularly favorable to the Recipients and within a range that will be in compliance with applicable laws and regulations.

 

If any special circumstances make it difficult to deliver the shares of common stock of the Corporation or if the Corporation otherwise deems it necessary, the Corporation may, in its discretion, pay monies of equal value as a substitute for the delivery of the shares of common stock of the Corporation.

 

 

7.Other matters common to the Thirteenth Series RSUs, the Fourteenth Series RSUs, the Fifteenth Series RSUs and the Sixteenth Series RSUs

 

(1)Events that would extinguish the RSUs

 

In the event that (i) the Recipient chooses to forego his or her RSUs by the date of vesting, or (ii) the Recipient is subject to imprisonment or other serious criminal penalty, (iii) a petition for the commencement of bankruptcy proceedings, the commencement of civil rehabilitation proceedings or the commencement of any other similar proceedings is filed against the Recipient, (iv) a petition for attachment, provisional attachment, provisional disposition, compulsory execution or public auction is filed against the Recipient, or the Recipient receives a penalty for any default on the payment of taxes or other public dues, or (v) certain other events stipulated in advance by the Corporation occur, all of the unvested RSUs will be extinguished.

 

 

 

 

(2)Handling in the event where reorganization or any other similar events occur

 

If a proposal with respect to a merger agreement under which the Corporation will be dissolved, a share exchange agreement or a share transfer plan under which the Corporation will become a wholly-owned subsidiary, or any other reorganization is approved at a shareholders’ meeting of the Corporation (or by the Board of the Corporation if such approval at a shareholders’ meeting of the Corporation is not required with respect to such reorganization) or any other events stipulated by the Corporation occur, the Corporation may deliver to the Recipients the shares of common stock of the Corporation, money, or shares of the other party to such reorganization in the number or amount reasonably stipulated in accordance with the resolution of the Compensation Committee or the decision of the Representative Corporate Executive Officer of the Corporation based on the period that has elapsed between the date of grant and the effective date of such reorganization or any other factors.

 

(3)Restriction on disposal of the RSUs

 

The Recipients may not transfer or encumber or otherwise dispose of any RSUs in any manner whatsoever.

 

8.Other

 

Today, the Corporation filed the extraordinary report regarding disposition of treasury shares upon vesting of the Thirteenth Series RSUs, the Fourteenth Series RSUs, the Fifteenth Series RSUs and the Sixteenth Series RSUs with the Director-General of the Kanto Local Finance Bureau.

 

The Corporation will file a registration statement (Form S-8) regarding the delivery of shares under the Plan with the U.S. Securities and Exchange Commission.

 

End

 

 

FAQ

How many RSUs did SONY grant to its directors in the Thirteenth Series RSUs?

SONY granted RSUs corresponding to a total of up to 38,520 shares to 9 directors of the Corporation in the Thirteenth Series RSUs.

What is the vesting schedule for SONY's Fifteenth Series RSUs?

SONY's Fifteenth Series RSUs vest in three tranches: 1) One-third of units vest on the first anniversary of grant date, 2) One-third vest on the second anniversary, and 3) The remaining units vest on the third anniversary of the grant date.

When will SONY grant these new RSUs to recipients?

SONY has scheduled to grant the RSUs on July 25, 2025, as specified in Section 5 of the filing.

How many total shares are covered by SONY's new RSU grants across all series?

SONY's total RSU grants across all series cover up to 2,828,117 shares, broken down as: Thirteenth Series (38,520 shares), Fourteenth Series (1,098,398 shares), Fifteenth Series (1,647,739 shares), and Sixteenth Series (43,460 shares).

What happens to SONY RSUs if a recipient leaves the company?

If a recipient leaves SONY due to death or other justifiable reasons approved by the Compensation Committee, a pro-rata portion of outstanding RSUs may vest based on the time between grant date and departure date. However, if the departure is due to imprisonment or serious criminal penalty, bankruptcy, or other specified negative events, all unvested RSUs will be extinguished.
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