TOKYO, Jun 19 (Pulse News Wire) – Members CO.,LTD. (2130.T) resolved today to distribute restricted shares to its executives on July 17, 2026.
The distribution involves ordinary shares totaling 20,722 worth ¥22.2 million. Each share will be sold at ¥1,073 per share. The shares will be distributed among two directors and nine executive officers who do not hold director positions, totaling 7,357 and 13,365 respectively. This move follows the introduction of a restricted stock compensation program aimed at enhancing long-term motivation and aligning interests with shareholders. Under this program, which was approved during the 27th Ordinary General Meeting of Shareholders held on June 17, 2022, members received monetary rewards up to ¥50 million annually and could obtain up to 30,000 ordinary shares subject to restrictions lasting three to five years.
In preparation for this distribution, Members CO.,LTD. entered into a restricted stock allocation agreement with the recipients. The agreement stipulates a restriction period from July 17, 2026, to July 16, 2029, allowing unrestricted transfers only upon continuous service until the end of the restriction period or earlier under certain conditions such as retirement due to age or term expiration. Additionally, the company plans to acquire any remaining restricted shares free of charge once the restrictions expire. In cases involving significant organizational restructuring, the restrictions may also be lifted early based on board approval.
To ensure compliance with the restrictions, the allocated shares will be managed through a dedicated account at Nomura Securities throughout the restriction period.
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