TOKYO, Apr 30 (Pulse News Wire) – LIXIL Corporation (5938.T) announced today that its board of directors has approved the issuance of restricted shares as executive compensation. The new share issuance, scheduled for May 19, 2026, involves issuing ordinary shares worth ¥1,744 per share, totaling ¥219.5 million.
Six executives will receive these shares, which are subject to restrictions until their departure from their positions as executives. The purpose of this issuance is to encourage long-term value creation and align interests between executives and shareholders. Under the company's equity-based incentive plan introduced in April 2023, the restricted period extends until the executives' retirement. Additionally, LIXIL has established stockholding guidelines requiring executives to hold a certain number of shares during their tenure based on their basic salary levels. In a separate development, the Remuneration Committee meeting held on April 15, 2026, decided to grant cash awards totaling ¥219.5 million to six designated executives for the period from April 1, 2026, to March 31, 2027.
These cash awards will be converted into restricted shares through direct contribution to the company, resulting in the allocation of ordinary shares worth ¥125,873 to the recipients. The restricted shares come with conditions such as holding periods and performance criteria. They cannot be transferred, pledged, or gifted to others during the restriction period, which begins on May 19, 2026. Restrictions will lift upon the executives’ voluntary resignation or mandatory removal due to misconduct, allowing the company to acquire the remaining shares free of charge. In cases involving significant organizational changes, the restrictions may also be lifted earlier according to specific provisions outlined in the agreement.
🟢 Confidence: High AI-translated content.