Konoike Transport Grants Restricted Shares to Executives

TOKYO, Jul 17 (Pulse News Wire) – Konoike Transport CO.,LTD. (9025.T) announced that its board of directors decided to distribute restricted shares as part of its equity compensation program.

The distribution will take place on August 6, 2026, involving ordinary shares worth a total of ¥95.0 million per share, totaling 33,463 shares. The shares will be allocated to four directors and 19 executive officers, representing a minor proportion of the outstanding shares as of March 31, 2026. The purpose of this allocation is to incentivize long-term value creation and enhance shareholder alignment.

The restricted period for these shares begins on August 6, 2026, and lasts until the respective executives leave their positions. During this period, the shares cannot be transferred, pledged, or otherwise disposed of without approval. Upon completion of the service period, the restrictions will be lifted, allowing free trading of the shares.

Additionally, the company clarified that the issue price was determined based on the closing price of July 16, 2026, which reflects fair market conditions and does not confer any undue advantage to the recipients.