Komatsu Matere Approves Restricted Share Awards for Executives

TOKYO, Jun 24 (Pulse News Wire) – Komatsu Matere CO.,LTD. (3580.T) announced that its board of directors held on June 24 approved the distribution of restricted shares as part of executive compensation.

The shares will be distributed on July 21, 2026, comprising ordinary shares totaling 62,998. Each share will be valued at ¥698, resulting in a total value of ¥44.0 million. This distribution includes five non-executive directors and nine executives. The purpose of this initiative is to incentivize sustained corporate value enhancement and promote greater alignment with shareholders' interests.

In accordance with the company's incentive program introduced on May 9, 2023, and ratified at the annual general meeting on June 20, 2025, Komatsu MATERE will grant these restricted shares subject to vesting conditions tied to performance and tenure. Komatsu MATERE also clarified that the restricted period for these shares begins on July 21, 2026, and ends upon the recipient’s departure from their respective roles. During this period, recipients cannot sell, pledge, or otherwise dispose of the shares without approval from the company based on valid reasons such as retirement due to health issues or misconduct. Additionally, Komatsu MATERE reserves the right to reclaim unvested shares upon termination during the restriction period.