TOKYO, May 25 (Pulse News Wire) – Chuo Gyorui CO.,LTD. (8030.T) announced today that its board of directors has approved the introduction of a restricted share compensation plan aimed at enhancing long-term corporate value and fostering greater alignment with shareholders.
The plan targets current executives excluding outside directors and will require shareholder approval at the upcoming annual general meeting scheduled for June 26, 2026. Under the new scheme, eligible executives will receive either ordinary shares or cash-settled equity awards valued up to ¥20 million annually.
The total number of newly issued ordinary shares will be limited to 10,000 per year, subject to adjustments based on stock splits or consolidations post-resolution date. Shares granted under this plan will come with restrictions prohibiting transfers for a certain period and allowing the company to reclaim them without compensation under specific conditions.
Additionally, non-executive directors and executive officers who do not hold director positions within the company or its subsidiaries will also be eligible for similar restricted share-based compensation upon approval of the plan at the upcoming shareholder meeting.
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