TOKYO, May 22 (Pulse News Wire) – Cross Plus Inc. (3320.T) resolved today to distribute restricted shares as part of its stock compensation program.
The resolution was made during a board meeting held on May 22. The company plans to issue ordinary shares totaling 31,400 to four directors, ten executive officers and subsidiary directors, and 103 senior employees. Each share will be valued at ¥1,294. The total amount of the distribution is ¥40.6 million. Payment will be made on June 15, 2026. The purpose of this distribution is to incentivize sustained growth in the company's value and enhance shareholder alignment.
The restricted shares will vest according to individual roles and responsibilities, with varying holding periods ranging from two to five years. Directors will hold their shares until they cease serving in their respective positions, while executives and senior employees will retain theirs until June 15, 2031. Under the agreement, shareholders cannot sell, pledge, or otherwise dispose of the shares during the restriction period. Upon completion of the service period, restrictions will lift, allowing holders to freely trade their shares. In case of early termination, shares will be forfeited without compensation. Additionally, the company reserves the right to repurchase unvested shares at no cost upon expiration of the restriction period.
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