FUJI ELECTRIC INDUSTRY CO.,LTD. [6654.T]
TOKYO, Apr 23 (Pulse News Wire) – Fuji Electric Industry CO.,LTD. (6654.T) resolved to dispose of restricted shares as part of its share-based compensation program during a board meeting held.
The disposal will take place on May 13, 2026, involving the issuance of ordinary shares worth up to ¥4.9 million in total. Each share will be priced at ¥1,094 per share. Under this program, four directors will receive a combined total of 4,500 ordinary shares through cash-settled equity awards. The shares come with a restriction period of 30 years, allowing for transfers only upon certain conditions set by the company's board.
Additionally, the company will retain the right to acquire any untransferred shares free of charge once the restrictions expire. The decision was made considering the company’s performance, the responsibilities of the directors, and various circumstances. The purpose of this initiative is to incentivize long-term value creation and enhance shareholder alignment. The valuation for the share disposal was determined based on the closing price of Fuji Electric Industry's stock on the Tokyo Stock Exchange Standard Market on April 22, 2026, which was ¥1,094.
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