TOKYO, Mar 27 (Pulse News Wire) – Esol CO.,LTD. (4420.T) resolved today to distribute restricted shares to executives on April 24, 2026.
The distribution involves 19,438 ordinary shares at a price of ¥1,000 per share, totaling ¥19,438,000. The shares will be granted to four non-executive directors and three executive officers who are not also directors, along with one subsidiary director. The purpose of this distribution is to enhance motivation among executives and align their interests with shareholder value.
Under the restricted stock grant program introduced in 2026, recipients must hold the shares for up to 50 years, subject to certain conditions such as continued employment with eSOL or its subsidiaries. In case of retirement due to reasons other than death, the restriction will be lifted immediately upon leaving the position. The shares will be managed through a dedicated account at Nomura Securities during the restriction period to ensure compliance with the agreement.
Any shares not transferred according to the restrictions will be acquired by eSOL at the end of the restriction period.
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