TOKYO, Mar 25 (Pulse News Wire) – Earth Corporation (4985.T) resolved today to distribute restricted shares to its executives on April 24, 2026. The distribution involves ordinary shares totaling 71,700 and will be priced at ¥4,760 per share, amounting to a total value of ¥341.3 million.
The shares will be distributed among five internal directors, five senior executive officers without board positions, and 26 non-board executive officers, along with 15 subsidiary directors receiving 18,400 shares. The purpose is to incentivize long-term contributions and align interests with shareholders through a restricted stock award program approved by shareholders in previous meetings.
Under the program, recipients must hold the shares until their departure from designated roles within the company or its subsidiaries. Any violation of legal regulations during the restriction period will result in the company reclaiming the shares.
Management will oversee the shares held in special accounts managed by Nomura Securities to ensure compliance with restrictions.
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