GSI Creos Corporation [8101.T]
TOKYO, Jun 24 (Pulse News Wire) – GSI Creos Corporation (8101.T) announced today that its board of directors has approved the distribution of restricted shares as part of its stock compensation program. The company plans to distribute ordinary shares totaling 7,574 on July 13, 2026, with each share valued at ¥2,338.
The total value of the distribution is ¥17.7 million. The shares will be allocated to four executives who are not audit committee members or outside directors. The purpose of this initiative is to enhance executive participation awareness and promote long-term sustainable growth while fostering greater value-sharing with shareholders. The restricted period for these shares extends until July 12, 2056, ensuring alignment with the company's strategic objectives.
Under the terms of the agreement, the executives cannot transfer, pledge, or gift these shares during the restriction period. Restrictions will be lifted upon completion of their tenure with the company or its subsidiaries, subject to certain conditions outlined in the agreement. In case of resignation or death prior to the end of the restriction period, partial lifting of restrictions based on the duration of service will apply. Any remaining restricted shares will be acquired by the company without payment.
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