TOKYO, Jun 25 (Pulse News Wire) – ExaWizards Inc. (4259.T) resolved to distribute restricted shares as part of its executive compensation plan during its board meeting held on June 25, 2026.
The company plans to issue ordinary shares totaling 49,481 to three directors and three officers on July 23, 2026 at a price of ¥859 per share, amounting to a total value of ¥42.5 million. Additionally, the company will allocate restricted shares worth ¥42.5 million to three subsidiary directors through a stock-for-debt arrangement, resulting in the issuance of 49,481 ordinary shares. The purpose of this distribution is to align executives' interests with shareholders by linking their compensation to stock performance. The restricted shares come with vesting conditions tied to continued service until the next annual general meetings scheduled for June 2027 for directors and April 2027 for subsidiary directors.
Any unvested shares will revert to the company upon termination of employment within the vesting period. In related developments, the company also outlined management agreements and restrictions on transferring these shares until vesting conditions are met. Shares will be managed through accounts set up at SMBC Nikko Securities. Furthermore, in the event of significant organizational changes such as mergers or spin-offs approved by the board or shareholder meetings, vesting conditions could be adjusted based on the nature of the reorganization.
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