Meiho Facility Works Ltd. [1717.T]
TOKYO, Jun 24 (Pulse News Wire) – Meiho Facility Works Ltd. (1717.T) announced that its board of directors held on June 24 decided to distribute restricted shares to five executives on July 10, 2026.
The distribution involves ordinary shares totaling 35,900 at a price of ¥887 per share, resulting in a total value of ¥31.8 million. This move follows the introduction of a restricted stock compensation system in 2017 aimed at providing long-term incentives to executives and aligning their interests with shareholder value. Under this system, executives receive cash compensation up to ¥40 million annually, which is used to acquire restricted shares with a vesting period ranging from 10 to 30 years.
In this instance, the company granted a principal monetary claim of ¥31.8 million and ordinary shares worth 35,900 based on various factors including performance and responsibilities. The restricted shares will be managed through a special account opened with Nomura Securities Co., Ltd., ensuring compliance with restrictions until July 9, 2056. During this period, the shares cannot be transferred, pledged, or otherwise disposed of without approval.
Upon termination due to retirement or other valid reasons, a portion of the shares will be released according to predefined conditions.
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