TOKYO, Jun 24 (Pulse News Wire) – Makita Corporation (6586.NG) announced that its board of directors approved the distribution of restricted shares as part of executive compensation on June 24, 2026. The company plans to distribute 5,701 ordinary shares to eight executives on July 17, 2026, with each share valued at ¥1,000.
The total value of the transaction is ¥5,701,000. This decision follows resolutions made during previous meetings in April 2019 and June 2021, which aimed to align executives' interests more closely with those of shareholders by tying their compensation to stock performance. Under the program, executives cannot sell or transfer these shares until July 16, 2076, except under specific conditions outlined in the agreement.
The restricted shares will be managed through accounts set up at SMBC Nikko Securities. In case of resignation or retirement before the end of the restriction period, the company reserves the right to reclaim the shares without compensation. Additionally, in the event of organizational restructuring, the restrictions may be lifted earlier based on the circumstances of the reorganization.
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