Futaba Industrial Completes Restricted Share Disposition

TOKYO, Jul 17 (Pulse News Wire) – Futaba Industrial CO.,LTD. (7241.T) completed the disposition of restricted shares as part of its share-based compensation program on July 17.

According to the resolution made at the June 19 board meeting, the company distributed ordinary shares totaling ¥21.5 million to its directors and senior executives. Each share was sold at ¥956 per unit, resulting in a total transaction value of ¥21.5 million.

The shares were allocated among three directors and seven executive officers and upper-level management members who do not concurrently hold director positions. The distribution was finalized on July 17, marking the completion of the share-based compensation process.

For detailed information, interested parties may refer to the June 19 press release titled "Notice Regarding the Disposition of Own Shares as Restricted Share Compensation." This action aligns with the company's strategy to implement long-term incentive programs for key personnel through equity awards, reinforcing their commitment to retaining talent and driving future growth.