TOKYO, Apr 17 (Pulse News Wire) – Cyberlinks CO.,LTD. (3683.T) resolved today to issue restricted shares as executive compensation.
The issuance, scheduled for May 15, 2026, involves ordinary shares totaling 26,626. Each share will be priced at ¥1,031, resulting in a total issuance amount of ¥27.5 million. This move follows shareholder approval at the company's 62nd Ordinary General Meeting held on March 27, 2026, which set the annual monetary compensation limit at ¥35 million and capped the number of restricted shares allocated per fiscal year at 50,000. The restricted period lasts until the executives' tenure ends, barring certain conditions outlined in the agreement.
Under the plan, seven designated executives will receive a combined monetary compensation of ¥27.5 million, which they will convert into restricted shares totaling 26,626 through a stock subscription method. The restricted period begins on May 15, 2026, and extends until the executives cease their roles as directors, excluding cases where they transition to audit committee positions. Additionally, the company will impose restrictions on transferring these shares during the stipulated period. Any shares remaining unreleased upon expiration of the restriction period will revert to the company without compensation.
Furthermore, should the company undergo significant restructuring such as mergers or spin-offs, the restrictions could be lifted earlier based on board resolution.
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