TOKYO, Apr 16 (Pulse News Wire) – Headwaters Co.,ltd (4011.T) announced today that its board of directors has approved the issuance of restricted shares to executives and employees as part of its long-term incentive program. The new share issue, totaling 5,450 ordinary shares, will take place on May 11, 2026 with each share priced at ¥2,297.
The total value of the issuance is ¥12.5 million. The shares will be allocated to six non-audit committee directors, 56 employees, two subsidiary directors, and 22 subsidiary employees. This initiative follows the introduction of the restricted stock compensation system on February 14, 2023, aimed at enhancing the company's long-term enterprise value and shareholder interests while fostering greater value-sharing among stakeholders. Under this scheme, eligible recipients will receive cash compensation bonds which will be converted into ordinary shares based on market conditions at the time of issuance.
The restricted shares come with certain limitations, prohibiting their sale or transfer during a designated holding period. Additionally, the company retains the right to reclaim these shares without compensation should specific conditions arise. The shares will be managed through special accounts set up at Nomura Securities throughout the restriction period. Furthermore, the company resolved to grant restricted shares to additional employees beyond the executive level, aligning with the broader goals of incentivizing performance and retaining talent across various levels within the organization.
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