Kitanotatsujin Corporation [2930.T]
TOKYO, May 26 (Pulse News Wire) – Kitanotatsujin Corporation (2930.T) announced that its board of directors decided on May 26 to distribute restricted shares to 13 employees. The distribution will take place on June 24, 2026, involving 1,000 ordinary shares per employee at a price of ¥124 per share, totaling 124 million yen.
The purpose of this distribution is to incentivize long-term commitment among employees and enhance shareholder value. Each recipient will be subject to a five-year holding restriction until June 24, 2031. During this period, the shares cannot be transferred, pledged, or otherwise disposed of without meeting certain conditions, such as continued employment with the company.
Under the agreement, if an employee leaves the company due to death or reasons deemed valid by the board, a portion of their restricted shares will be released based on their tenure. In case of retirement before the end of the restriction period, all restrictions will be lifted immediately upon departure. Additionally, the company reserves the right to acquire unreleased shares free of charge once the restriction period expires.
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