Company: VVR
Filing Date: 2025-03-21
Form Type: 424B5
Source: 0001104659-25-026711
Chunk: 182

Company: Invesco Senior Income Trust
Filing Date: 2025-03-21
Form: 424B5
Chunk 182
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 (2) Stock incentive plans ● We decide how to vote on proposals concerning stock incentive plans, including stock options and restricted stock units, taking into account the impact on shareholder value and rights, compensation levels, the scope, the rationales, and so on. ● We generally vote against proposals seeking to lower the strike price of stock options. ● We generally vote for proposals seeking to change the strike price on condition that shareholders’ approval is required every time. ● We generally vote against stock incentive plans if the terms and conditions for exercising options, including equity dilution, lack transparency. We generally consider voting against proposals potentially causing 10% or more equity dilution. ● It is desirable that stock incentive plans is a long-term incentive aligned with sustainable growth and corporate value expansion. As such, we generally vote against stock incentive plans allowing recipients to exercise all the rights within two years after vested for the subject fiscal year. However, B-29 this shall not apply to recipients who retire during the subject fiscal year. We assess the validity if a vesting period is regarded as too long. ● We generally vote against stock incentive plans granted to statutory auditors and audit committee board members at a company with Audit Committee. ● We separately consider stock incentive plans granted to audit committee board members, including both inside and outside directors, at a company with three Committees. ● We generally vote against stock incentive plans granted to any third parties other than employees. ● We generally vote against stock incentive plans in case a company is likely to adopt the plans as takeover defense. (3) Employee stock purchase plan ● We decide how to vote on proposals concerning employee stock purchase plans, taking into account the impact on shareholder value and rights, the scope and the rationales, and so on. (4) Retirement benefits for board directors ● We decide how to vote on proposals concerning grant of retirement benefits, taking into account the scope and scandals (if any) of recipients and business performance and scandals (if any) of the subject company, and so on. ● We generally vote for proposals granting retirement benefits if all the following criteria are satisfied. ● The granted amount is disclosed. ● Outside directors, statutory auditors and audit committee board members at a company with Audit Committees are excluded. ● Recipients do not cause any significant scandals during their tenures. ● The subject company does not make a loss for the three consecutive years, or its business performance is not determined to significantly lag behind the peers in the same industry. ● The company does not cause scandals that significantly impact society and damage, or