TOKYO, Jun 26 (Pulse News Wire) – Komaihaltec Inc. (5915.T) announced that its board of directors approved a share distribution plan aimed at rewarding executives with restricted shares as part of a stock compensation program.
The distribution, set for June 26, 2026, involves issuing Komaihaltec common shares worth a total of ¥11.4 million per share to four directors and ten executive officers. Each director will receive 2,222 shares, while the total number of shares distributed to executive officers is 2,620. The purpose of this initiative is to align the interests of management with those of shareholders by ensuring that executives share in the risks and benefits associated with changes in the company's stock price. This approach is intended to enhance their motivation to contribute to increasing the company’s stock value and overall enterprise value.
The restricted shares come with a three-year holding period during which they cannot be transferred, pledged, gifted, or otherwise disposed of without the company's approval. Komaihaltec also detailed the conditions under which the restrictions on these shares would be lifted. Restrictions will be removed upon completion of the initial three-year period, provided the recipients remain in their respective roles within the company until the next annual general meeting. In cases where an executive leaves due to reasons deemed legitimate by the board, such as term expiration, a portion of the restricted shares will still be released based on the duration of service.
Any remaining restricted shares will revert to the company free of charge if the recipient ceases to hold their position prematurely.
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