Source disclosure: February 26, 2026, 17:30 JST
Company 504A [504A.T]
TOKYO, Feb 26 (Pulse News Wire) – Company 504a (504A.T) announced today that its board of directors has approved the introduction of a restricted share compensation plan aimed at enhancing corporate value and fostering greater alignment with shareholders. The plan will be presented for shareholder approval at the fifth annual general meeting scheduled for 2026.
Under the new scheme, eligible directors will receive monetary awards convertible into restricted shares, subject to certain vesting conditions. The total amount of cash awards per annum will be capped at ¥100 million, excluding concurrent employee remuneration. Additionally, up to 100,000 ordinary shares could be issued annually, representing less than 0.23% percent of outstanding shares, thus having a negligible dilution effect.
Each director will contribute the received cash awards towards acquiring company shares at a price determined by the closing price of Company 504a's stock on the Tokyo Stock Exchange prior to the issuance decision. A lock-up agreement will also be signed, prohibiting the sale or pledge of these shares for a defined period, with provisions allowing the company to reclaim such shares under specific circumstances. This move follows previous adjustments to executive compensation levels, which were last revised to ¥500 million per annum at the fourth regular shareholders' meeting held on March 27, 2025.
Company 504a seeks shareholder endorsement for the implementation of this new incentive structure at the upcoming gathering on 2026.
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