Imasen Electric Industrial Co.,Ltd. [7266.T]
TOKYO, Jun 23 (Pulse News Wire) – Imasen Electric Industrial CO.,LTD. (7266.NG) resolved today to distribute restricted shares as part of its performance-based compensation plan.
The distribution, set for July 21, involves transferring ordinary shares worth ¥903 per share to four directors and six executive officers, totaling 23,236 shares valued at ¥21.0 million. The purpose of this initiative is to align executives' interests with those of shareholders by linking their compensation to stock price performance. Directors received approval for this program in May 2019, while executive officers were included in February 2025.
Under the agreement, shares cannot be transferred until the recipient leaves their position, which could occur naturally or due to resignation within the restriction period. Additionally, the company outlined conditions for lifting restrictions, such as continued service through the next annual general meeting or upon leaving office earlier than expected. Shares not transferred during the restriction period will revert to the company.
Management will ensure these shares are held in designated accounts managed by SMBC Nikko Securities.
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