Drecom Grants Restricted Shares to Executives and Employees

TOKYO, Jul 23 (Pulse News Wire) – Drecom CO.,LTD. (3793.T) resolved at today's board meeting to grant restricted shares to executives and employees.

The transaction will take place on August 21, 2026, with ordinary shares totaling 108,043 being distributed. Each share will be valued at ¥418, amounting to a total value of ¥45.2 million. The shares will be allocated to one executive director (28,043) and four audit committee directors (8,000), along with 21 employees receiving 72,000 shares. The distribution includes a restriction prohibiting transfers until the semi-annual report for the fiscal year containing the allocation date is submitted.

Additionally, the total value of the shares does not exceed ¥100 million, thus no securities notification or interim report is required under the Financial Instruments and Exchange Act. This move aligns with Drecom’s incentive program introduced in May 2019 aimed at promoting sustained corporate value growth and fostering greater alignment between management and shareholders. The program was further refined in May 2024 to adjust the holding period for restricted shares from a minimum two-year term set by the board to a duration from the issuance date until the loss of designated positions within the company. The restricted stock agreement stipulates that recipients cannot sell, pledge, or otherwise dispose of the shares during the restriction period, which ends upon continuous service as a director through the end of the March 2027 fiscal year.

In case of death, resignation, or other valid reasons leading to the loss of position, a prorated portion of the shares will be released from restrictions based on the number of months served.