TOKYO, Jun 19 (Pulse News Wire) – ADEKA Corporation (4401.T) announced that its board of directors, held , approved the distribution of restricted shares as part of its stock compensation program. The company plans to distribute 1,000,000 ordinary shares on July 17, 2026, at a price of ¥1,000 per share, totaling ¥1 billion.
The shares will be allocated to four non-audit committee directors and twenty non-executive directors. Under the program, which was introduced in 2017 and revised in 2021, executives receive restricted shares tied to their performance and tenure.
The restrictions prevent the sale of these shares for three years or more, contingent upon continued service as a director or executive. In case of breach of conditions such as leaving the position without valid reasons, the company reserves the right to reclaim the shares.
Additionally, the distribution price is based on the closing price of ADEKA's ordinary shares on the Tokyo Stock Exchange on June 18, 2026, ensuring fairness and transparency in the valuation process.
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