Source disclosure: February 13, 2026
Ichigo Inc. [2337.T]
TOKYO, Feb 13 (Pulse News Wire) -- Ichigo Inc. (2337.T), a leading company focused on sustainable infrastructure development, announced today that its board of directors has approved the issuance of stock options as part of its incentive compensation program aimed at fostering long-term commitment among employees towards the company's growth and maximizing shareholder value. The decision was made based on provisions outlined in Articles 236, 238, and 240 of Japan’s Companies Act.
The stock options, known as the 23rd Stock Subscription Rights, will be granted free of charge to the company's executives, officers, employees, and subsidiary directors on February 27, 2026. A total of 2,950,000 subscription rights will be distributed, each entitling the holder to subscribe for one ordinary share of Ichigo Inc. The exercise price for these options will be determined by taking 115 percent of the closing price of Ichigo Inc.'s ordinary shares on the Tokyo Stock Exchange on the day preceding the grant date, rounded up to the nearest whole yen. In case trading does not occur, the calculation will be based on the previous business day's closing price.
According to the terms set forth, the exercise period for these stock options will commence on February 14, 2029, and conclude on February 13, 2034. During this time, recipients must remain continuously employed in their respective positions within Ichigo Inc. or its subsidiaries unless otherwise approved by the board of directors due to valid reasons. Furthermore, any transfer or pledge of these subscription rights is strictly prohibited without prior approval from the company's board.
Notably, Scott Caron, who serves as the Representative Director and Chairman of Ichigo Inc., has opted out of receiving the new stock subscription rights despite being eligible under the criteria established by the company. This gesture underscores his dedication to maintaining transparency and fairness within the organization while encouraging others to embrace the incentives offered through this initiative.
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