TOKYO, Apr 17 (Pulse News Wire) – Horiba,ltd. (6856.T) resolved at its board meeting held on April 17 to distribute own shares to its corporate officers and those of domestic subsidiaries based on its restricted stock unit (RSU) program.
The distribution, scheduled for June 15, involves issuing ordinary shares worth ¥157.3 million at a price of ¥21,380 per share to seven recipients. The purpose of this initiative is to incentivize long-term value creation within the HORIBA Group while fostering greater alignment with shareholders' interests.
The RSU program grants eligible executives rights to receive company shares upon completion of a three-year service period, contingent on their continued roles within the group. In case of premature termination due to valid reasons, except death, executives retain the right to receive pro-rated final delivery shares.
Should an executive pass away before receiving the shares, the company will compensate designated successors with cash equivalent to the market value of the final delivery shares determined by the board.
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