TOKYO, Apr 17 (Pulse News Wire) – Ewell CO.,LTD. (5038.T) announced today that its board of directors has approved the issuance of new shares as part of its restricted stock compensation program.
The issuance will take place on May 15, 2026, with 19,964 ordinary shares being distributed among seven designated recipients, including four directors and three executives. Each share will be issued at a price of ¥1,000 per share, totaling an issuance amount of ¥19.96 million. Under the program, the newly issued shares will carry restrictions on transfer until May 14, 2029. The restrictions will be lifted upon continuous service in their respective roles during the restriction period.
In case of resignation due to valid reasons such as retirement or death, the restrictions will also be waived immediately. Additionally, should the recipient engage in illegal activities or breach contract conditions, the company reserves the right to acquire the shares without payment. The issuance is based on monetary compensation granted to eligible employees as part of the company's incentive plan aimed at promoting sustainable growth and fostering value-sharing with shareholders. The compensation includes cash awards totaling ¥227,800 and 2,278 shares for one employee.
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