Hachijuni Nagano Bank Completes Restricted Share Disposal

TOKYO, Jul 17 (Pulse News Wire) – Hachijuni Nagano Bank,ltd. (8359.T) completed the disposal of restricted shares as part of executive compensation on July 17.

The bank had previously resolved to dispose of treasury shares as restricted stock-based compensation during its June 26 board meeting. Under the disposal plan, the bank distributed ordinary shares totaling ¥97.9 million at a per-share price of ¥2,355.

The shares were allocated to four directors and sixteen executives who do not concurrently hold director positions. This transaction aligns with the bank's strategy to manage its treasury stock effectively while adhering to regulatory requirements for executive remuneration.

Details of the share distribution can be found in the June 26 press release titled “Notice Regarding the Disposal of Own Shares as Restricted Stock-Based Compensation.”.