GLTECHNO HOLDINGS,INC. [255A.T]
TOKYO, Jun 23 (Pulse News Wire) – Gltechno Holdings,inc. (255A.T) announced today that its board of directors has approved the issuance of restricted stock awards to certain executives.
The transaction, scheduled for July 23, involves the distribution of ordinary shares valued at ¥6,500 per share, totaling ¥70.6 million. The awards will be granted to three non-audit committee directors and fourteen subsidiary directors. The purpose of this initiative is to incentivize long-term value creation and enhance shareholder alignment. The restricted period begins on July 23, 2026, and ends upon the director's departure from their respective positions within the company or its subsidiaries.
Under the agreement, directors will hold these shares without the ability to sell, pledge, or otherwise dispose of them until the end of the restriction period. Should a director remain in office through the next annual shareholders' meeting, the restrictions will lift entirely. In cases of early termination due to death or other valid reasons, partial lifting of restrictions based on tenure will apply. The valuation for the restricted stock was determined based on the closing price of GLTECHNO HOLDINGS' ordinary shares on the Tokyo Stock Exchange on June 22, 2026, which was set at ¥6,500.
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