HATSUHO SHOUJI CO.,LTD. [7425.T]
TOKYO, Apr 23 (Pulse News Wire) – Hatsuho Shouji CO.,LTD. (7425.T) resolved to distribute restricted shares to its directors.
The distribution, set for May 22, 2026, involves ordinary shares valued at ¥2,585 per share, totaling ¥16.5 million. Six directors will receive these shares based on their participation in the company's restricted stock compensation program introduced in February 2023. Under this program, directors receive monetary compensation up to ¥30 million annually, which they invest in the company’s ordinary shares.
The shares come with restrictions prohibiting transfers until the director leaves their position or fulfills certain conditions. The restriction period runs from May 22, 2026, until the director ceases to hold their role. In addition, the agreement stipulates that if a director violates laws during the restriction period, the company can reclaim the shares without payment.
Furthermore, if the company undergoes significant restructuring, such as mergers or spin-offs, the restrictions may be lifted early, allowing the company to reclaim any remaining restricted shares.
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