KYOWA ELECTRONIC INSTRUMENTS CO.,LTD. [6853.T]
TOKYO, Mar 26 (Pulse News Wire) – Kyowa Electronic Instruments CO.,LTD. (6853.T) resolved today to issue restricted stock as compensation to its directors and executive officers who do not serve as directors.
The resolution was made during a board meeting held. Under the new Restricted Stock Compensation System (the “System”), the company plans to distribute a total of 27,654 ordinary shares to three directors and six non-director executives. Each share will be priced at ¥730 per share based on the closing price of the company's ordinary shares on the Tokyo Stock Exchange on March 25, 2026, which was the day prior to the board’s decision. The restricted stock will be subject to a holding period until April 24, 2026, and will be managed in a dedicated account at Daiwa Securities Co., Ltd.
During this period. The restrictions will be lifted upon continuous service through December 2026, contingent on remaining in their respective roles. In case of early termination due to death, term expiration, or other valid reasons recognized by the board, partial lifting of restrictions will apply based on the duration served. This move aims to enhance long-term value creation and align interests with shareholders while fostering greater shared value among stakeholders.
The company introduced this system in February 2023 and received approval from its annual general meeting in March 2023.
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