GLOBAL LINK MANAGEMENT INC. [3486.T]
TOKYO, Apr 21 (Pulse News Wire) – Global Link Management Inc. (3486.T) resolved today to distribute restricted shares worth approximately $1.1 billion to its directors and executives as part of their compensation plan.
The distribution, set for May 8, involves issuing ordinary shares totaling 1,100,000 to three directors and seven executives. Each share will be valued at $10,000 per share based on the closing price of the company's stock on the Tokyo Stock Exchange on April 20, 2026. The restricted shares are subject to vesting conditions tied to continued employment until the end of the restriction period.
Any shares not vested due to early departure will be forfeited back to the company. Additionally, the company introduced a similar restricted share program for executives during a board meeting held on December 17, 2024. This move follows shareholder approval in previous annual general meetings aimed at aligning executive interests with long-term value creation for shareholders.
The total monetary compensation allowed annually remains capped at $1.1 million, with a portion allocated specifically for external directors.
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