TOKYO, Jun 24 (Pulse News Wire) – Chudenko Corporation (1941.T) announced plans to distribute restricted shares to executives on July 23, 2026. The company will issue 17,700 ordinary shares valued at July 23, 2026 closing price of ¥5,460 per share.
The distribution is part of a restricted stock compensation program approved by shareholders in 2020 and revised in 2023. Under the program, eligible directors and executive officers will hold these shares until their respective positions are vacated, subject to restrictions. Upon completion of their service period or due to valid reasons such as death, the restrictions will be lifted, allowing for the sale of a portion of the shares based on tenure.
Any remaining restricted shares will revert to the company without compensation upon expiration of the restriction period. Chudenko's board decided to allocate principal monetary awards totaling ¥96.6 million to 28 recipients, ensuring alignment with ongoing incentive programs and shareholder value enhancement goals. The shares will be managed through dedicated accounts set up by securities firms to enforce the restrictions effectively.
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