Source disclosure: February 26, 2026, 17:00 JST
Kewpie Corporation [2809.T]
TOKYO, Feb 26 (Pulse News Wire) – Kewpie Corporation (2809.T) announced today that its board of directors resolved to distribute restricted shares as part of a stock compensation program. The distribution will occur on March 25, 2026, involving 5,655 ordinary shares at ¥4,543 per share, totaling ¥25.7 million.
The shares will be allocated to five executives, excluding external directors. The purpose of this distribution is to align executive interests with shareholder value by allowing them to benefit from potential increases in stock price while also bearing associated risks. Additionally, it aims to enhance their commitment to corporate growth beyond previous levels and foster closer alignment with shareholders' interests. Under the agreement, the restricted shares cannot be transferred, pledged, gifted, or otherwise disposed of until the end of the restriction period, which begins on March 25, 2026, and ends either upon the executive's resignation or March 1, 2027, whichever comes later.
Should an executive resign within the initial period, the company reserves the right to reclaim the shares free of charge, except in cases deemed valid by the board. Upon completion of the restriction period, the restrictions will be lifted, subject to certain conditions outlined in the contract. Executives must hold the restricted shares through SMBC Nikko Securities according to methods designated by the company until the restrictions are lifted. In the event of organizational restructuring during the restriction period, the company may lift restrictions earlier based on specific criteria set forth in the resolution.
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