TOKYO, Jun 26 (Pulse News Wire) – Faithnetwork Co.,ltd (3489.T) announced that it will distribute restricted shares to four executives on June 26, 2026. The distribution involves ordinary shares valued at ¥741 per share, totaling ¥10.5 million.
The shares are part of a restricted stock award program aimed at incentivizing long-term value creation and aligning executive interests with shareholder returns. Under this program, executives receive equity awards tied to performance metrics and subject to a three-year holding period ending on July 16, 2029. In addition, the company noted that the grant price was determined based on the closing price of its ordinary shares on the Tokyo Stock Exchange's Standard Market on June 25, 2026, which was ¥741.
This ensures fairness and transparency in the valuation process. The shares will be managed through a dedicated account with Nomura Securities during the restriction period to prevent unauthorized transfers or pledges. Furthermore, the agreement includes provisions for automatic forfeiture of unvested shares in case of misconduct or termination due to legitimate reasons such as retirement.
In the event of organizational restructuring involving the company, the restrictions would also be lifted according to predefined conditions set forth in the agreement.
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