TOKYO, Mar 27 (Pulse News Wire) – ISB Corporation (9702.T) announced today that its board of directors resolved to issue restricted shares as part of executive compensation. The issuance will take place on April 27, 2026, with 1,000,000 ordinary shares being distributed among six directors and nine executives.
Each share will be priced at ¥1,000 per share, totaling ¥1,000,000,000. This move follows the introduction of a restricted stock award program aimed at incentivizing long-term value creation and aligning interests with shareholders. The program was initially approved during a board meeting held on February 14, 2020, and ratified by shareholders at the 50th regular general meeting on March 27, 2020. Under this scheme, recipients cannot sell or pledge their shares until they cease serving as directors or executives.
In certain circumstances, such as death or resignation, restrictions may be lifted earlier based on a formula tied to tenure. The restricted shares will be managed through a dedicated account at Daiwa Securities Co., Ltd. throughout the restriction period. Upon expiration of the restrictions, untransferred shares will be acquired by the company without payment.
Additionally, in cases of significant organizational restructuring, restrictions may be lifted early according to a predefined schedule set by the board.
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