KOHOKU KOGYO CO.,LTD. [6524.T]
TOKYO, Apr 23 (Pulse News Wire) – Kohoku Kogyo CO.,LTD. (6524.T) announced today that it will distribute restricted shares to its executives on May 21, 2026.
The distribution involves 1,000,000 ordinary shares at a price of ¥1,000 per share, totaling ¥1,000,000,000. The shares will be distributed among three directors and six executive officers. This distribution is part of the company's incentive program aimed at enhancing long-term value creation and fostering greater alignment with shareholders. Under this program, which was approved during the 66th regular general meeting held on March 28, 2025, Kohoku Kogyo provides restricted stock awards based on monetary compensation up to ¥1,000,000 annually.
The restricted period for these shares is set at 30 years, ending on May 20, 2056. The restricted shares will be managed through a special account opened at Nomura Securities Co., Ltd., ensuring compliance with restrictions on transfer and pledge throughout the holding period. Any shares not transferred within the restriction period will beacquired by the company upon expiration. In addition, the distribution is subject to conditions such as continued service as a director, officer, or employee until the end of the restriction period.
In cases of retirement due to normal reasons, the restriction will be lifted immediately, allowing partial redemption of shares based on tenure.
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