MEISEI INDUSTRIAL Co.,Ltd. [1976.T]
TOKYO, Jun 25 (Pulse News Wire) – Meisei Industrial CO.,LTD. (1976.T) announced that its board of directors resolved to distribute restricted shares to executives on July 24, 2026.
The distribution involves ordinary shares totaling 7,000 at a price of ¥1,818 per share, resulting in a total value of ¥12.7 million. This action is part of a broader incentive program aimed at enhancing long-term corporate value and fostering greater alignment with shareholders. Under this program, four named executives will receive a combination of cash compensation up to ¥50 million annually and ordinary shares up to 30,000 shares annually.
Each executive will contribute their cash compensation as equity capital to acquire the restricted shares. The restricted shares come with conditions that prohibit transfers during a set period, which ends upon the executive's departure from their designated position within the company. In case of early termination due to valid reasons such as retirement or death, a portion of the shares will be released based on the duration of service.
Additionally, the company retains the right to reclaim all unreleased shares if the executive violates laws or regulations during the restriction period.
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