INABA DENKISANGYO CO.,LTD. [9934.T]
TOKYO, Jun 26 (Pulse News Wire) – Inaba Denkisangyo CO.,LTD. (9934.T) resolved to issue restricted stock compensation to executives and employees.
The company plans to distribute ordinary shares worth ¥2,692 per share on July 13, 2026, totaling ¥109.0 million. The distribution includes 12,000 shares for five directors and 15,000 shares for nine executive officers. Additionally, 18 employees will receive 13,500 shares. The issuance is part of a broader compensation plan aimed at enhancing employee motivation and aligning interests with shareholders.
Under the plan, the restricted stock cannot be transferred until specific conditions are met. Directors retain their shares until resignation, while executive officers and employees hold theirs until 2029. Any unmet conditions result in automatic forfeiture of the shares back to the company. This initiative follows approval from the company's 76th regular general meeting held on June 21, 2024, which set annual monetary compensation limits and defined holding periods for restricted stock.
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