CTI Engineering Co.,Ltd. [9621.T]
TOKYO, Apr 27 (Pulse News Wire) – CTI Engineering CO.,LTD. (9621.T) resolved to distribute restricted shares worth ¥1.4 billion among its executives on May 26, 2026.
The distribution involves 32,152 ordinary shares valued at ¥43,500 per share. This move follows approval from the company's 60th annual general meeting held on March 28, 2023, which authorized the issuance of restricted stock as part of executive compensation. The restricted shares come with limitations on transfer until May 26, 2026, or upon leaving certain positions within the company, whichever is later.
Executives who remain in their roles through the end of the service period will have restrictions lifted. In addition, the agreement includes provisions allowing the company to reclaim shares without payment if executives engage in illegal activities or cause significant damage to the firm due to misconduct. The shares will be managed by Nomura Securities during the restriction period to ensure compliance with the terms set forth in the agreement.
🟡 Confidence: Standard AI-translated content.