TOKYO, Mar 27 (Pulse News Wire) – CONVUM Ltd. (6265.T) announced today that its board of directors has approved the issuance of restricted share awards as part of a stock compensation program.
The shares will be distributed on April 24, 2026, consisting of [5,000] ordinary shares valued at [¥2,675] per share, totaling [¥13.4 million]. The recipients include two directors and one auditor, all subject to a three-year holding period ending on June 01, 2029. Under the newly established restricted stock award system, which was resolved upon during the February 13, 2026 board meeting, the aim is to incentivize long-term value creation and enhance alignment with shareholders' interests.
Recipients are prohibited from transferring, pledging, or gifting their allocated shares during the restriction period from April 24, 2026, until June 01, 2029. Restrictions will lift once the recipient remains continuously employed by the company throughout the restriction period or upon resignation due to valid reasons or death. In addition, CONVUM reserves the right to acquire any untransferred shares at no cost upon expiration of the restrictions.
Shares will be held in dedicated accounts managed by Mizuho Securities Co., Ltd., ensuring compliance with the stipulated conditions.
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