TOKYO, Jun 25 (Pulse News Wire) – Consec Corporation (9895.T) resolved to distribute restricted shares as part of its equity compensation program to three directors and five executives on July 15, 2026. The distribution involves ordinary shares totaling 7,898 at a price of ¥1,253 per share, resulting in a total value of ¥9.9 million.
Directors will receive 4,308 shares, while executives will get 3,590 shares. The purpose of this distribution is to align executive interests with shareholder gains by having them hold restricted shares until their departure from management positions. The restricted period runs from July 15, 2026, until the day they vacate their roles as either directors or executives.
During this time, the shares cannot be transferred, pledged, or gifted without approval. Should an executive resign within the initial period leading up to the next annual shareholders' meeting, the company reserves the right to reclaim those shares free of charge. Additionally, the company plans to manage these restricted shares through SMBC Nikko Securities, ensuring they remain untouched until the restrictions are lifted.
In cases of significant organizational changes such as mergers or spin-offs, the company may lift some restrictions based on the number of months remaining in the restriction period prior to the effective date of such changes.
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