TOKYO, Apr 15 (Pulse News Wire) – Ferrotec Corporation (6890.T) decided to distribute restricted stock units (RSUs) to six employees of its overseas subsidiaries based on the post-grant share award system approved by the board of directors on May 14, 2026. Under this distribution, Ferrotec will issue ordinary shares totaling 5,169 at a price of ¥6,930 per share, amounting to a total value of ¥35.8 million.
The RSUs were granted to incentivize performance and ensure long-term commitment among employees. Each recipient will exchange cash compensation bonds worth ¥35.8 million for the shares, which will be delivered without any restrictions on transferability. This RSU program was introduced in January 2023 as part of an incentive scheme aimed primarily at employees of Ferrotec and its subsidiaries.
It grants recipients the right to receive a predetermined number of ordinary shares upon completion of a specified service period. The share issuance price is determined based on the closing price of Ferrotec's ordinary shares on the Tokyo Stock Exchange on April 14, 2026, ensuring fairness and reflecting the company’s market valuation accurately. The decision follows Ferrotec’s previous RSU grant to employees of its subsidiary, Ferrotec (USA) Corporation, in March 2023.
This latest distribution aligns with the company’s strategy to retain talent through equity-based incentives.
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