Aoyama Zaisan Networks Company, Limited [8929.T]
TOKYO, May 15 (Pulse News Wire) – Aoyama Zaisan Networks Company,limited (8929.T) announced today that its board of directors has approved the distribution of restricted shares as part of its executive compensation program. The distribution, set for June 10, 2026, involves transferring ordinary shares worth ¥1,377 per share to four executives and two subsidiary directors.
The total value of the transaction is ¥107.7 million. This move follows the approval of the company's executive compensation plan during its 31st Ordinary General Meeting of Shareholders held on March 30, 2022. Under this plan, non-outsider directors receive restricted stock grants aimed at aligning their interests with shareholders' returns.
The total monetary compensation for such grants was capped at ¥500 million annually, excluding employee remuneration, as decided during the 16th Ordinary General Meeting of Shareholders on March 24, 2007. The restricted shares will be subject to a holding period until the respective executives resign from their positions. During this period, the shares cannot be transferred, pledged, or gifted without the company’s consent.
Upon resignation, the company retains the right to reclaim the shares free of charge unless there are valid reasons recognized by the board.
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