TOKYO, May 21 (Pulse News Wire) – Lognet Japan (9027.T) announced today that its board of directors has approved the issuance of restricted shares as part of share-based compensation to 19 subsidiary directors. The transaction, scheduled for June 10, involves distributing ordinary shares worth ¥4,050 per share, totaling ¥45.4 million.
This move aims to incentivize long-term value creation and enhance alignment with shareholders. The restricted shares will be subject to vesting conditions tied to continued service until May 2027. During the vesting period, directors cannot sell, pledge, or otherwise dispose of their allocated shares without approval from the company's board.
The distribution price was set based on the closing price of Lognet Japan’s ordinary shares on the Sapporo Securities Exchange on May 20, which was determined to be fair and reasonable. The dilutive effect of this issuance is considered minor, amounting to approximately 0.20% of the outstanding shares as of May 20, 2026. Additionally, the company outlined provisions for handling organizational restructuring during the restriction period, ensuring that any changes would align with the vesting schedule and equity incentives.
🟡 Confidence: Standard AI-translated content.