TOKYO, Mar 26 (Pulse News Wire) – Daytona Corporation (7228.T) announced today that its board of directors has approved the distribution of restricted shares to four executives on April 24, 2026. Each share will be sold at ¥1,000 per share, totaling ¥4,000,000.
The shares are part of a long-term incentive program aimed at aligning executive interests with shareholder value. Under the program, executives received cash compensation up to ¥30 million annually, which was used to acquire ordinary shares subject to a restriction period of 30 years. The shares will be managed through a dedicated account at Nomura Securities during the restriction period, ensuring compliance with the agreement's conditions.
Executives will retain their shares until the end of their service period or retirement due to valid reasons such as reaching mandatory retirement age. In case of violation of laws or regulations during the restriction period, the company reserves the right to reclaim the shares without compensation. Additionally, in the event of significant organizational restructuring, certain shares may be released from restrictions based on specific criteria outlined in the agreement.
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