TOKYO, Jun 22 (Pulse News Wire) – JTP CO.,LTD. (2488.T) resolved today to distribute restricted shares worth over ¥1 billion to its executives.
The distribution, set for June 22, 2026, involves allocating ordinary shares valued at ¥1,302 per share to four directors and nine executive officers. The total value of the shares allocated to directors is ¥16.7 million, while the allocation to executive officers totals ¥18.6 million. The combined amount is ¥35.3 million. The shares are part of a stock compensation program introduced in May 2020 aimed at enhancing long-term incentives and aligning interests between management and shareholders.
Under the agreement, the shares will be subject to restrictions until certain conditions are met. Directors' shares will remain restricted until their positions are terminated due to retirement or resignation, while executive officer shares will be restricted until July 6, 2029. Restrictions will lift upon meeting specific tenure requirements or through early termination clauses outlined in the agreement. Additionally, JTP reserves the right to reclaim unrestricted shares without compensation if the recipients engage in unlawful activities during the restriction period.
The shares will be managed by Nomura Securities according to JTP's instructions.
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