Source disclosure: February 19, 2026
KITAKEI CO.,LTD. [9872.T]
TOKYO, Feb 19 (Pulse News Wire) – Kitakei CO.,LTD. (9872.T) resolved today to distribute restricted shares to its executives as part of its incentive program.
The distribution, set for March 18, involves transferring 2,550 ordinary shares at a price of ¥897 per share, totaling ¥2.3 million. Five named directors will receive these shares, excluding external board members. Each director will also contribute their respective cash compensation of up to ¥40 million annually towards acquiring these shares. Under the restricted stock grant agreement, the shares cannot be transferred until March 18, 2026, or upon leaving their positions within the company.
In case of misconduct during the restriction period, the company reserves the right to reclaim the shares without compensation. Additionally, the shares will be managed through a dedicated account at Nomura Securities to ensure compliance with restrictions. This initiative was approved by the nomination and remuneration committee, aiming to enhance executive motivation and align interests with shareholders. The valuation of the shares is based on the closing price of Kitakei's ordinary shares on the Tokyo Stock Exchange Standard Market on February 18, 2026, which was determined to be fair and non-favorable.
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