TOKYO, May 19 (Pulse News Wire) – Hakuto CO.,LTD. (7433.T) announced today that its board of directors held, approved the disposal of restricted shares as part of a performance-linked share award program.
The company plans to distribute 1,489,000 ordinary shares to three non-executive director officers on June 18, 2026, at a price of ¥1,000 per share, totaling 1,489 million yen. This initiative was initially decided upon during the January 31, 2022, board meeting to enhance long-term corporate value and sustainable shareholder returns by increasing executive engagement and fostering greater value-sharing with shareholders. Under this program, eligible executives contribute their cash compensation bonds as capital contributions and receive ordinary shares based on the closing price of Hakuto's stock on the Tokyo Stock Exchange Prime Market on May 18, 2026, which was ¥1,000 per share.
The restricted share agreement stipulates that the shares cannot be transferred, pledged, or otherwise disposed of until the end of the restriction period, which runs from June 18, 2026, to immediately after the executives cease serving in their positions. Additionally, the company retains the right to acquire the shares free of charge if the executives violate laws or regulations during the restriction period or fail to meet certain conditions set forth in the agreement. Furthermore, the agreement includes provisions for handling organizational restructuring events such as mergers, equity swaps, or asset transfers during the restriction period.
In such cases, the restrictions would be lifted prior to the effective date of the restructuring, and unlifted restrictions would result in the company acquiring the shares without payment.
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