TOKYO, Jun 24 (Pulse News Wire) – HAVIX CORPORATION (3895.T) announced that its board of directors held on June 24 approved the distribution of restricted shares as part of its long-term incentive program for executives. The company plans to distribute ordinary shares worth a total of 14.5 million based on the closing price of ¥404 per share on June 23, 2026, which was the day preceding the board meeting.
The shares will be distributed to four executive officers on July 22, 2026, subject to restrictions until their departure or retirement from their positions within approximately one year. During this period, the executives cannot sell, pledge, or otherwise dispose of the shares without approval from the company's board of directors.
Under the agreement, the company retains the right to acquire the restricted shares free of charge upon expiration of the restriction period. Additionally, the shares will be managed through a dedicated account at Daiwa Securities Co., Ltd.
During the restriction period to ensure compliance with the conditions set forth in the agreement.
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