TOKYO, Mar 19 (Pulse News Wire) – Kyowa Kirin CO.,LTD. (4151.T) announced today that its board approved the distribution of restricted shares as part of its performance-based compensation plan.
The company will distribute ordinary shares worth ¥1 per share totaling ¥240.6 million on April 9, 2026, to three executive directors and 17 senior executives. Additionally, two executive directors and 15 senior executives will receive performance-linked shares amounting to 2,466 ordinary shares. Under the restricted stock program, recipients cannot sell their shares until April 9, 2029. Any shares not sold by this date will revert to the company without compensation.
The performance-based shares will be distributed based on achievement levels set during the evaluation period ending December 31, 2026. The company's board also decided to grant cash awards totaling ¥229.4 million to the aforementioned executives, which will be converted into restricted shares. The final number of shares granted will depend on individual contributions and overall performance metrics established by the board. This move aligns with Kyowa Kirin’s strategy to enhance alignment between executive performance and shareholder value.
The restricted period ensures executives maintain their roles and contribute towards long-term growth objectives.
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