TOKYO, Apr 24 (Pulse News Wire) – Kose Corporation (4922.T) announced today that its board of directors approved the distribution of restricted shares as part of a performance-based compensation plan. The distribution will take place on May 21, 2026, involving 15,127 ordinary shares valued at ¥5,506 per share, totaling ¥83.3 million.
The shares will be allocated to eight executives, excluding external directors, who will receive these shares in lieu of monetary compensation amounting to ¥83.3 million. This initiative aims to incentivize long-term value creation and enhance alignment between management and shareholders.
The restricted shares come with vesting conditions tied to continued service as a director until their retirement or resignation. Any unvested shares will revert to the company upon termination of employment within the vesting period.
In addition, the company outlined detailed provisions governing the management and transfer restrictions of these shares, ensuring compliance with regulatory requirements and maintaining shareholder interests.
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