DaikyoNishikawa Corporation [4246.T]
TOKYO, Jun 19 (Pulse News Wire) – DaikyoNishikawa Corporation (4246.T) resolved to distribute restricted shares to its executives. The distribution, scheduled for July 17, 2026, involves issuing ordinary shares worth a total of ¥30.2 million per share to five directors and ten executive officers.
This move follows the introduction of a restricted stock compensation program aimed at incentivizing long-term value creation and aligning interests with shareholders. Under this scheme, which was approved during the board meeting held on May 19, 2020, and ratified at the 13th annual general meeting on June 19, 2020, eligible directors and executive officers receive restricted shares based on their performance and continued service until certain conditions are met.
The restricted shares come with vesting requirements tied to continued employment. Upon completion of the vesting period or upon leaving due to valid reasons, the restrictions are lifted.
In cases of organizational restructuring involving the company's dissolution through merger or becoming a wholly-owned subsidiary, the restrictions also lift immediately prior to the effective date of such changes.
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