TOKYO, Mar 25 (Pulse News Wire) – Densan System Holdings CO.,LTD. (4072.T) resolved today to issue restricted shares to four executive directors as part of its incentive program aimed at enhancing long-term shareholder value.
The issuance will take place on April 17, 2026, with each share priced at ¥1,000. A total of 10,000 ordinary shares will be issued based on the monetary compensation of ¥10 million allocated to the executives. Under the program introduced in February 2022, the restricted shares come with a lock-up period lasting up to 30 years until April 16, 2056.
During this period, the recipients are prohibited from transferring the shares or setting collateral rights without approval from the company's board of directors. Additionally, the agreement stipulates that upon expiration of the lock-up period or in certain circumstances such as retirement due to age or term completion, the company will acquire the shares free of charge. In cases of organizational restructuring involving the company during the lock-up period, the restrictions will be lifted proportionally according to the duration held, allowing the company to acquire the remaining shares free of charge.
This issuance is designed to boost motivation among key executives while aligning their interests more closely with those of shareholders.
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