Aica Kogyo Company,Limited [4206.T]
TOKYO, Jun 23 (Pulse News Wire) – Aica Kogyo Company,limited (4206.NG) resolved today to distribute restricted shares to its executives on July 22, 2026. The distribution involves ordinary shares totaling 12,000 and will be priced per share at ¥3,574.
The total value of the transaction is ¥42.9 million. This move follows the introduction of a restricted stock compensation program aimed at incentivizing long-term performance among key executives. Under this scheme, four named directors will receive a combination of cash awards totaling ¥42.9 million and ordinary shares amounting to 12,000. The restricted period for these shares extends up to 30 years, ensuring alignment with shareholder interests.
The agreement stipulates that the shares cannot be transferred, pledged, or otherwise disposed of during the restriction period. Upon expiration of the restriction period or upon retirement due to normal reasons, the restrictions will be lifted, allowing for the free disposal of the shares. In cases where the executive retires early, the number of unrestricted shares will be prorated based on their tenure. Additionally, Aica Kogyo retains the right to acquire any unreleased shares without payment at the end of the restriction period or upon certain triggering events.
The shares will be managed through a dedicated account at Nomura Securities to ensure compliance with the restrictions.
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