ADVANTEST CORPORATION [6857.T]
TOKYO, Mar 31 (Pulse News Wire) – Advantest Corporation (6857.T) announced today that its board of directors, held , approved the issuance of restricted stock as compensation. The company plans to distribute ordinary shares totaling 11,229 to executives, with payment set at ¥20,925 per share, amounting to a total value of ¥235.0 million.
The distribution is scheduled for April 27, 2026. Under the Restricted Stock Award Program, eligible executives must hold the shares until their respective tenure ends without transferring them to third parties during the restriction period. Should an executive resign due to valid reasons within the term, partial lifting of restrictions applies based on the duration served.
In case of resignation beyond the term, the remaining shares revert to the company. Advantest's decision follows careful consideration of the program’s objectives, company performance, and individual responsibilities. Payments are derived from monetary claims totaling ¥235.0 million, which executives will contribute as capital towards acquiring the shares.
The final price was determined based on the closing price of Advantest's ordinary shares on the Tokyo Stock Exchange Prime Market on March 30, 2026, ensuring fairness and avoiding preferential treatment.
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