MEIJI ELECTRIC INDUSTRIES CO.,LTD. [3388.T]
TOKYO, Jun 26 (Pulse News Wire) – Meiji Electric Industries CO.,LTD. (3388.T) resolved to issue restricted stock compensation to executives and directors on June 26.
The company plans to distribute 22,000 ordinary shares at a price of ¥2,094 per share on July 22, 2026. The total value of the issuance is ¥46.1 million. This move follows the introduction of a restricted stock compensation system in 2019 aimed at incentivizing long-term performance and aligning interests with shareholders.
Under this program, eligible recipients must hold the shares for up to 30 years, with restrictions lifting upon continued service until retirement or resignation due to valid reasons. In case of death, the restriction period ends post-execution based on board decision. The shares will be managed through a dedicated account at Nomura Securities during the restriction period to ensure compliance with the agreement's conditions.
Any untransferred shares will revert to the company free of charge upon expiration of the restriction period.
🟡 Confidence: Standard AI-translated content.