TOKYO, Jun 12 (Pulse News Wire) – JRC CO.,LTD. (6224.T) announced today that its board of directors approved the distribution of restricted shares as part of a stock compensation program.
The company plans to distribute ordinary shares worth ¥1,252 per share to five executives on July 10, 2026, totaling ¥28.6 million. Additionally, 12 employees and eight subsidiary employees will receive ordinary shares valued at ¥1,252 per share on September 30, 2026, with a total value of ¥2.9 million. The purpose of this distribution is to incentivize long-term growth and align interests with shareholders.
The restricted shares come with vesting conditions tied to continued employment or directorship roles until certain dates. Executives' shares will be subject to restrictions until their departure from executive positions, while employee shares will remain restricted until September 30, 2028. Under the agreement, executives and employees must hold the allocated shares in designated accounts managed by SMBC Nikko Securities until the restrictions expire.
In case of organizational restructuring during the restriction period, additional provisions outline how vested shares will be treated based on the timing of such events.
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