JAPAN FOUNDATION ENGINEERING CO.,LTD. [1914.T]
TOKYO, Jun 26 (Pulse News Wire) – Japan Foundation Engineering CO.,LTD. (1914.T) announced that it will distribute restricted shares to three executives on July 24, 2026.
The distribution involves ordinary shares valued at ¥655 per share, totaling ¥13.0 million. This move follows the introduction of a restricted stock compensation program aimed at incentivizing long-term value creation and aligning executive interests with shareholder returns. The program was approved during a board meeting held on May 13, 2021, and further endorsed by shareholders at the 68th annual general meeting on June 29, 2021. Under this scheme, executives receive cash awards which are used to purchase company shares subject to restrictions on sale until July 24, 2056.
The restricted shares will be managed through a dedicated account at Nomura Securities Co., Ltd., ensuring compliance with the imposed trading limitations. In case of retirement due to normal reasons such as term expiration or age limit, the restriction will be lifted proportionally based on tenure. Additionally, should the company undergo significant restructuring, the remaining untransferred shares will revert to the company without cost. This initiative underscores the company's commitment to fostering sustained growth and enhancing stakeholder value over the long term.
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