TOKYO, May 22 (Pulse News Wire) – Human Made Inc. (456A.T) announced today that its board of directors resolved to issue restricted share awards.
The issuance will take place on June 19, 2026, involving the distribution of ordinary shares worth ¥1,355 per share, totaling ¥28.1 million. Three executive officers, excluding outside directors, will receive the shares as part of a long-term incentive program aimed at aligning their interests with those of shareholders. Under the new equity compensation plan, executives will receive either ordinary shares or cash equivalents convertible into shares. The total value of such rewards cannot exceed ¥80 million annually, with the number of shares issued capped at 80,000 per year.
Shares awarded through this scheme will be subject to a three-year restriction period during which they cannot be transferred or used as collateral without approval. In addition, the company clarified that the issuance price was determined based on the closing price of its ordinary shares on the Tokyo Stock Exchange's Growth Market on May 21, 2026, which stood at ¥1,355. This pricing method ensures fairness and avoids unduly favorable conditions for recipients. Executives receiving the restricted shares must hold them until the end of the restriction period, unless certain conditions are met, such as continued employment or retirement due to legitimate reasons.
In case of violation of laws or regulations, the company reserves the right to reclaim the shares.
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