ISHIHARA CHEMICAL CO.,LTD. [4462.T]
TOKYO, Jun 25 (Pulse News Wire) – Ishihara Chemical CO.,LTD. (4462.T) announced today that its board of directors approved restricted share awards totaling 9,500 shares to six executives as part of its incentive program aimed at enhancing shareholder value and promoting greater alignment with stakeholders.
Each share was valued at 3, ¥485 per share, resulting in a total distribution amount of 33, 107 ¥500. The restricted shares will be subject to vesting conditions tied to continued service until the next annual shareholders' meeting. Any unvested shares will revert to the company if the recipients leave their positions without valid reasons during the restriction period.
Additionally, the shares cannot be transferred, pledged, or gifted during the restriction period, which ends either upon the recipient's departure or the filing of the company’s securities report for the fiscal year in question. In related developments, the company also finalized agreements with individual executives detailing the terms of the restricted stock grants. These agreements outline the conditions under which the restrictions may be lifted, including provisions for early lifting due to organizational restructuring or executive departures for legitimate reasons.
🟢 Confidence: High AI-translated content.