TOKYO, Jun 24 (Pulse News Wire) – Kinden Corporation (1944.T) announced plans to distribute restricted shares to executives on July 23, 2026. The distribution involves issuing ordinary shares worth up to 80.2 million based on a price of ¥8,073 per share.
The shares will be distributed to four directors and eight executive officers who do not hold director positions. This move follows the introduction of a restricted stock compensation system aimed at incentivizing long-term value creation and aligning interests with shareholders.
Under this system, executives contribute monetary bonds as capital assets and receive ordinary shares in return. The restricted period lasts until the executives' roles end or they retire due to valid reasons such as term expiration or death.
Additionally, the company will manage these shares through a dedicated account at Nomura Securities to ensure compliance with restrictions on transfers and pledges during the holding period.
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