TOKYO, Mar 27 (Pulse News Wire) – Kokuyo CO.,LTD. (7984.T) resolved today to grant restricted share awards to its executives as part of its incentive program aimed at enhancing long-term corporate value and shareholder interests.
The company's board meeting on March 27 approved the distribution of ordinary shares worth approximately ¥1,000 per share to seven directors and 12 executive officers. The total amount of the award is estimated at ¥1 billion. The shares will be paid out on April 15, 2026, and come with restrictions prohibiting their sale until April 14, 2076. Under the newly introduced restricted stock award system, recipients must hold onto the shares for a designated period without transferring them, setting up pledges, or making other disposals.
In case of certain events such as resignation or retirement during the restriction period, the conditions for lifting the restrictions vary based on the circumstances. Additionally, the company retains the right to reclaim the shares free of charge upon expiration of the restriction period or earlier under specific conditions. This initiative underscores Kokuyo’s commitment to aligning executive performance with shareholder value through structured incentives. The valuation of the shares distributed is determined based on the closing price of the company's ordinary shares on the Tokyo Stock Exchange on March 26, 2026, ensuring fairness and transparency in the process.
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