ALPS Alpine to Distribute Restricted Shares to Executives on July 24

TOKYO, Jun 25 (Pulse News Wire) – Alps Alpine CO.,LTD. (6770.T) resolved to distribute restricted shares to executives on July 24, 2026.

The distribution involves ordinary shares worth ¥2,087 per share, totaling ¥111.5 million. Four directors and ten executive officers who do not hold director positions will receive the shares. This move follows the introduction of a long-term incentive program approved in May 2019 aimed at fostering closer alignment with shareholders' interests and enhancing motivation among key personnel.

Under this program, executives contribute monetary compensation bonds as capital contributions to acquire restricted shares. The shares come with a 40-year restriction period, which ends on July 24, 2066, barring premature termination due to retirement or other valid reasons. The restricted shares will be managed through a dedicated account at Nomura Securities during the restriction period to ensure compliance with stipulated conditions.

Any significant misconduct by recipients could result in the return of equivalent cash value to the company post-restriction lifting.