TOKYO, May 15 (Pulse News Wire) – Luckland CO.,LTD. (9612.T) announced today that its board of directors resolved to issue restricted shares as part of an employee compensation program.
The issuance involves 190 employees receiving ordinary shares totaling 160,500 at a price of ¥1,369 per share, with a total amounting to ¥219.7 million. Payment is due on June 25, 2026. The purpose is to incentivize long-term value creation and enhance shareholder alignment. The restricted shares come with vesting conditions tied to continued employment until June 24, 2029.
Should an employee leave prior to this date without valid reasons, the company reserves the right to reclaim the shares free of charge. Vesting is contingent upon continuous service during the restriction period; partial vesting occurs based on tenure up to the time of departure. Shares will be managed through SMBC Nikko Securities accounts until restrictions lapse. This move aligns with the company's strategy to foster sustained growth and improve stakeholder engagement.
The issuance price was set at the closing price of May 14, 2026, ensuring fairness and avoiding preferential treatment.
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