Aisan Technology Grants Restricted Share Awards to Executives

TOKYO, Jul 17 (Pulse News Wire) – Aisan Technology CO.,LTD. (4667.T) resolved to grant restricted share awards to four directors and five executive officers through a cash compensation mechanism.

The company's board of directors approved the distribution of ordinary shares worth approximately ¥20.2 million on August 7, 2026, with each share valued at ¥2,080. The purpose of this award system, introduced in June 2020, is to align executives' interests with those of shareholders by linking their compensation to stock performance. Directors and executives will hold these shares subject to restrictions until their positions terminate, with potential forfeiture if they leave early without valid reasons.

Shares will be freely tradable upon completion of the restriction period or earlier under certain conditions, such as continued service until the designated end date. Additionally, the company outlined detailed provisions for managing these restricted shares, including storage requirements with SMBC Nikko Securities and handling during organizational restructuring events. The valuation of the shares was set based on the closing price of Aisan Technology’s ordinary shares on the Tokyo Stock Exchange on July 16, 2026, which was determined to be fair and reasonable.