HOKURIKU ELECTRIC INDUSTRY CO.,LTD. [6989.T]
TOKYO, Jun 26 (Pulse News Wire) – Hokuriku Electric Industry CO.,LTD. (6989.T) announced that it will distribute restricted shares to five executives on July 22, 2026.
Each share will be valued at ¥2,488 per share, totaling ¥10.0 million. This distribution follows a resolution made during the board meeting held. The purpose of this move is to incentivize long-term value creation and align executive interests with shareholder value.
The restricted shares will be subject to a holding period until the executives' retirement, ensuring sustained alignment with company goals. Under the agreement, executives will contribute monetary compensation bonds worth ¥10.0 million as capital contributions to acquire ordinary shares of the company. The shares will be managed through a dedicated account at Nomura Securities during the restriction period to prevent any unauthorized transfers or encumbrances.
Upon completion of the restriction period, the shares will either be freely tradable or transferred back to the company without charge based on predefined conditions.
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