TOKYO, Jun 24 (Pulse News Wire) – I-plug,inc. (4177.T) resolved to issue restricted shares to its directors and executives at a board meeting held on June 24, 2026.
The issuance, scheduled for July 17, 2026, involves issuing ordinary shares worth a total of 26.2 million based on monetary compensation rights granted to four internal directors, two external directors, and three executive officers. Each share will be priced at ¥1,394 per share. The purpose of this issuance is to incentivize long-term value creation and enhance shareholder alignment. Under the restricted stock grant program introduced in May 2022 and revised in May 2025, directors and executives will receive restricted shares tied to their continued service until March 2027.
During this period, these shares cannot be transferred, pledged, or otherwise disposed of without approval. Upon completion of the restricted period, shares will either be released from restrictions or repurchased by the company depending on the individual's ongoing role within the organization. Any untransferred shares will be compulsorily acquired by the company once the restriction period ends. Shares will be managed through a dedicated account at Daiwa Securities during the restriction period.
This move underscores i-plug’s commitment to aligning management incentives with long-term corporate performance and enhancing stakeholder value.
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