Faithnetwork Completes Restricted Share Award Distribution

TOKYO, Jul 17 (Pulse News Wire) – Faithnetwork Co.,ltd (3489.T) completed the distribution of restricted share awards to its directors . The transaction involved the disposal of ordinary shares totaling 14,167 and was valued at ¥741 per share, resulting in a total disposition value of ¥10.5 million.

The shares were distributed to four non-audit committee and external directors. The distribution was approved during the June 26, 2026 board meeting.

Details of the transaction can be found in the June 26 press release announcing the restricted share award program. This move aligns with FaithNetwork's strategy to incentivize key executives through equity-based compensation.

The restricted nature of the shares ensures alignment between executive performance and shareholder interests.