TOKYO, Jun 18 (Pulse News Wire) – Chiyoda CO.,LTD. (8185.T) resolved to distribute restricted shares to its executives .
The distribution, scheduled for July 17, 2026, involves issuing ordinary shares worth ¥964 per share, totaling ¥14.1 million. The shares will be granted to two directors and two senior officers, excluding external directors, amounting to four individuals receiving a total of 14,600 shares. This move aims to enhance motivation and align interests among key personnel through a long-term incentive program.
Under this scheme, recipients must hold the shares for up to 30 years, subject to certain conditions such as continued service or valid reasons for resignation. In case of misconduct during the restriction period, the company reserves the right to reclaim the shares without compensation. The shares will be managed by Nomura Securities in dedicated accounts to ensure compliance with restrictions.
The grant price was determined based on the closing price of Chiyoda's stock on the Tokyo Stock Exchange on June 17, 2026, which was deemed fair and non-favorable to the recipients.
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