TOKYO, Apr 13 (Pulse News Wire) – IToki Corporation (7972.T) resolved today to distribute restricted shares worth approximately ¥1 billion among its executives and board members. The distribution, set for May 12, 2026, involves 62,300 ordinary shares valued at ¥1 per share.
Recipients include four directors, two audit committee members, five executive officers without director roles, and 23 executive officers without concurrent director positions. The move follows the introduction of a restricted stock compensation program aimed at aligning long-term incentives with shareholder value. Originally approved in February 2018, the program was revised in February 2025 to enhance alignment and consider rising stock prices. Shareholders ratified the latest changes during the 75th Ordinary General Meeting held on March 26, 2025.
Under the agreement, recipients cannot sell or pledge the shares until May 11, 2029. Restrictions lift upon retirement due to normal reasons or death, with exceptions for involuntary departures. In case of organizational restructuring, restrictions may be lifted based on board resolution. Nomura Securities manages the shares during the restriction period to ensure compliance.
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