TOKYO, Apr 27 (Pulse News Wire) – Epco CO.,LTD. (2311.T) resolved to issue restricted shares to its executives during a board meeting held.
The resolution involves the distribution of 6,875 ordinary shares valued at ¥1,000 per share, totaling ¥6,875,000. Under the restricted stock compensation program introduced in February 2022, the issuance aims to incentivize long-term performance and align executive interests with shareholder value. The restricted period lasts three years, beginning May 12, 2026, until May 11, 2029.
During this time, recipients cannot sell, pledge, or otherwise dispose of their allotted shares without meeting certain conditions outlined in individual agreements. The shares will be managed through a dedicated account at SMBC Nikko Securities to ensure compliance with restrictions. Upon expiration of the restriction period or fulfillment of specific conditions, such as continued service, the company retains the right to acquire untransferred shares free of charge.
This move underscores EPCO's commitment to fostering sustained growth and maintaining alignment among leadership and shareholders.
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