FUTABA INDUSTRIAL CO.,LTD. [7241.T]
TOKYO, Jun 19 (Pulse News Wire) – Futaba Industrial CO.,LTD. (7241.T) resolved to distribute restricted shares worth over ¥1 billion to its executives and senior management on June 19, 2026.
The distribution will take place on July 17, 2026. Under the company's long-term incentive program established in April 2019, the board approved the issuance of ordinary shares valued at ¥956 per share to ten designated directors and senior officers. The total number of shares to be distributed is 22,448. Additionally, the company will grant restricted stock units totaling 22,448 ordinary shares based on cash compensation bonds amounting to ¥21.5 million.
The restricted shares will be subject to vesting conditions tied to continued employment until the respective executive’s retirement or departure. Any unvested shares will revert to the company free of charge upon termination. The shares will be managed through a dedicated account at Nomura Securities during the restriction period to ensure compliance with the agreement. This move aims to enhance motivation among key personnel while aligning their interests with shareholder value.
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