Hachijuni Nagano Bank,Ltd. [8359.T]
TOKYO, Jun 26 (Pulse News Wire) – Hachijuni Nagano Bank,ltd. (8359.T) announced plans to distribute restricted shares to executives on July 17, 2026.
The bank's board of directors approved the distribution of ordinary shares worth up to ¥97.9 million per share to 20 designated executives, including four internal directors and 16 executive officers who do not hold director positions. Each recipient will receive shares based on their cash compensation of up to ¥97.9 million. The restricted shares come with a vesting period from July 17, 2026, to July 16, 2056.
During this period, recipients cannot sell or pledge the shares without meeting certain conditions, such as continuous service until the next regular shareholders' meeting. In case of misconduct or significant violations, the bank reserves the right to reclaim the shares. The distribution price was set at the closing price of Hachijuni Nagano Bank’s stock on the Tokyo Stock Exchange Prime Market on June 25, 2026, which was ¥2,355.
This ensures fairness and avoids favoritism, aligning with the bank's goal of enhancing long-term performance and corporate value through shared risk and reward among key personnel.
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