EBARA JITSUGYO CO.,LTD. [6328.T]
TOKYO, Apr 21 (Pulse News Wire) – Ebara Jitsugyo CO.,LTD. (6328.T) resolved today to issue restricted stock awards to its directors and executive officers as part of its incentive program aimed at enhancing sustained corporate value.
The company's board of directors approved the issuance of ordinary shares totaling 22,123 at a price of ¥2,440 per share, with a total amounting to ¥54.0 million. The payment will be made through cash compensation bonds valued at ¥54.0 million. The distribution is scheduled for May 12, 2026. The purpose of this restricted stock award system, introduced in February 2021, is to align the interests of directors and shareholders while promoting sustainable growth.
Under this scheme, directors and executive officers will receive up to ¥60 million in annual cash compensation bonds and up to 40,500 restricted shares annually, subject to adjustments based on certain conditions such as changes in share structure due to mergers or splits. Additionally, the restricted period for these shares begins on May 12, 2026, and ends upon resignation from directorship or executive positions. During this period, recipients cannot sell, pledge, or otherwise dispose of the awarded shares without valid reasons recognized by the company’s board. In cases of early resignation or misconduct, the company reserves the right to reclaim the shares free of charge.
This initiative underscores EBARA JITSUGYO's commitment to fostering long-term value creation and ensuring alignment among management and stakeholders.
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