TOKYO, Mar 25 (Pulse News Wire) – KEIWA Incorporated (4251.T) announced today that its board of directors resolved to distribute restricted shares worth approximately ¥1.048 billion to six directors and four executive officers. The distribution, set for April 24, involves transferring ordinary shares valued at ¥1,740 per share.
Under the company's equity compensation program introduced in February 2021, eligible executives receive stock grants tied to performance metrics and subject to vesting conditions. The shares are subject to restrictions until April 1, 2027, barring certain exceptions such as retirement due to age or resignation for valid reasons.
The payout includes granting 600,000 shares to the directors and 3,136 shares to the executive officers. The program aims to align management incentives with long-term shareholder value creation while fostering closer ties with stakeholders.
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