TOKYO, Jun 26 (Pulse News Wire) – Enplas Corporation (6961.T) resolved at its board meeting held on June 26 to issue restricted stock awards consisting of 3,800 ordinary shares to selected executives and employees. The shares will be distributed based on deferred compensation rights granted to directors and senior management, totaling ¥3.8 billion.
Payment for the shares will be made on July 17 at a price of ¥1,000 per share. Under the Restricted Stock Award Program introduced in April 2021, eligible recipients include three directors, four executive officers, six other employees, and two subsidiary directors. The program aims to incentivize long-term value creation and align interests with shareholders.
Shares will be subject to vesting conditions tied to continued service until March 2027. The restricted stock awards come with contractual restrictions prohibiting transfers during the vesting period. Upon completion of the vesting period, shares will either be released from restrictions or repurchased by the company at no cost.
Shares will be managed through a dedicated account at Nomura Securities throughout the restriction period.
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