Careerlink to Dispose of Restricted Shares on July 15

TOKYO, Jun 25 (Pulse News Wire) – Careerlink CO.,LTD. (5607.NG) resolved to dispose of restricted shares as part of its share-based compensation program.

The disposal, set for July 15, involves distributing ordinary shares worth ¥1,000 per share to three directors and seven executive officers, totaling ¥1,011,000,000. The purpose of this distribution is to align executives' interests with shareholders by linking their compensation to stock price performance. The company introduced this system in May 2018, setting annual monetary compensation limits and restricting share transfers for up to 30 years.

Under the agreement, the restricted shares cannot be transferred until July 14, 2056. However, if the recipients resign within the initial period, the company may reclaim the shares without payment, except for valid reasons approved by the board. Additionally, upon completion of the restriction period, the company will lift restrictions based on continued service as a director or officer.

This initiative aims to enhance long-term commitment and improve corporate value through shared risk and reward mechanisms tied to stock performance.