Kitanotatsujin Corporation [2930.T]
TOKYO, May 26 (Pulse News Wire) – Kitanotatsujin Corporation (2930.T) resolved at its board meeting held on May 26, 2026 to grant restricted shares free of charge to four executives as part of their compensation. The allocation will take place on June 24, 2026, distributing a total of 99,800 ordinary shares valued at ¥12,400,200 based on the closing price of ¥124 per share on May 25, 2026.
Under the newly implemented restricted stock award system, approved by shareholders at the regular general meeting on May 25, 2021, and initially decided upon during the board meeting on April 28, 2021, the issuance of restricted shares is aimed at incentivizing executive performance and fostering greater value alignment with shareholders. Each recipient will hold these shares subject to certain restrictions until they cease serving as directors. Key provisions of the agreement stipulate that the restricted period runs from June 24, 2026 through the day the recipients lose their director positions. During this time, the shares cannot be transferred, pledged, or otherwise disposed of without approval.
Upon completion of a two-year service period ending February 2027, the restrictions will lift entirely. In cases of death or other reasons deemed valid by the board, partial lifting of restrictions will occur based on months served. Additionally, should significant organizational changes such as mergers or spin-offs be approved, the board retains the right to adjust restriction conditions accordingly. Any untransferred shares will revert to the company once the restrictions expire.
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