TOKYO, Apr 14 (Pulse News Wire) – EBARA CORPORATION (6361.T) approved a share repurchase plan for its executives and employees through a resolution passed during today's board meeting. Under this plan, the company will distribute restricted stock awards totaling 46,104 shares on May 13, 2026, with each share valued at April 14, 2026.
The distribution includes 10,892 shares for nine outside directors and 14 executive directors, along with shares for 21 employees holding certain positions and seven subsidiary directors. The total value of the repurchased shares is May 13, 2026. This initiative aims to enhance long-term incentives and align interests among management and shareholders. Additionally, the company resolved to grant monetary compensation bonds to eligible recipients instead of restricted stock awards for non-resident personnel who face difficulties receiving such shares.
The restricted stock awards come with conditions, including a restriction period until April 1, 2027, barring transfers or pledges of the shares. Upon completion of the service period or due to legitimate reasons such as retirement, the restrictions will be lifted, allowing the shares to be transferred freely. In cases of early termination, a portion of the shares will remain subject to restrictions based on the duration of service. EBARA Corporation also entered into agreements with securities firms to manage these restricted shares effectively throughout their holding period.
The company plans to ensure compliance with these agreements to maintain the integrity of the restricted stock program.
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