TOKYO, Jun 24 (Pulse News Wire) – Hibino Corporation (2469.T) announced that it will distribute restricted shares to executives on July 22, 2026. The board resolution was made during a meeting held on June 24, 2026.
In total, the company plans to issue ordinary shares worth ¥31.5 million at a price of ¥2,809 per share. Six non-executive directors and nine executive officers will collectively receive 11,220 shares.
Under the newly introduced restricted stock compensation program, employees will receive equity grants tied to performance metrics. The restrictions on these shares will remain until the respective employee's departure due to retirement or resignation.
Additionally, the company retains the right to repurchase shares free of charge under certain conditions such as death or involuntary termination.
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