Harima-Kyowa Co.,LTD. [7444.T]
TOKYO, May 14 (Pulse News Wire) – Harima-kyowa CO.,LTD. (7444.T) resolved today to distribute restricted shares to its employees as part of a share-based compensation program.
The distribution, scheduled for July 31, 2026, involves issuing 1,650 ordinary shares to 33 employees and 150 shares to three employees of subsidiary companies. Each share will be sold at May 14, 2026 per share, resulting in a total transaction value of July 31, 2026. The purpose of this initiative is to enhance employee engagement and align their interests more closely with those of shareholders.
The restricted shares come with conditions that prohibit transfers until July 30, 2029. Additionally, the company will reclaim the shares free of charge if any recipient leaves their position within the restriction period. Furthermore, the allocation price was determined based on the closing price of Harima-Kyowa's stock on the Tokyo Stock Exchange on May 13, 2026, which was set at July 30, 2029.
This ensures a fair valuation without favoring any party involved.
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