TOKYO, Apr 16 (Pulse News Wire) – Heartseed Inc. (219.T) announced today that its board of directors meeting held on April 16, 2026 decided to grant restricted stock units (RSUs) to its directors based on the resolution passed at the tenth regular shareholders' meeting .
Under this program, ordinary shares totaling 6,649 will be granted post-issuance. The issuance price per share is set at ¥1,923 ¥12.8 million. The total issuance amount is calculated based on the closing price of Heartseed's ordinary shares on the Tokyo Stock Exchange on the day prior to the decision, which was April 15, 2026. This RSU scheme aims to incentivize directors to sustainably enhance the company’s value while fostering greater alignment with shareholders.
It was approved during the board meeting on February 13, 2026, and ratified at the tenth regular shareholders’ meeting on March 27, 2026. Under the plan, up to ¥300 million in cash compensation bonds annually will be provided separately from existing directors' monetary compensation frameworks, with the total number of ordinary shares issued or disposed of being capped at 150,000 annually. The RSU program includes provisions for adjustments in case of early termination due to valid reasons recognized by the board, handling upon death of a director within the service period, loss of rights under certain conditions such as imprisonment or bankruptcy, and special measures in cases of organizational restructuring affecting the service period. Details of these provisions will be disclosed once finalized.
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