TOKYO, Jun 26 (Pulse News Wire) – Aiphone CO.,LTD. (6718.NG) announced that it will distribute restricted shares to eight executives on July 17, 2026.
The distribution involves 9,671 ordinary shares at a price of ¥2,658 per share, totaling ¥25.7 million. The shares will be paid out against a total monetary compensation of ¥25.7 million. This move aims to enhance executive motivation and align their interests with shareholder value. Under the restricted stock award program introduced in May 2019, executives receive shares based on performance goals set for the fiscal year ending March 2027.
The restricted period for these shares runs from July 17, 2026, to July 16, 2076, subject to conditions tied to achieving key operating profit, return on equity, and revenue targets. During the restricted period, the shares cannot be transferred or used as collateral. Upon meeting performance criteria, restrictions will be lifted, allowing executives to retain or sell their shares. In case of termination prior to the end of the restriction period due to reasons other than retirement, death, or expiration of term, the company reserves the right to reclaim the shares without compensation.
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