TOKYO, May 18 (Pulse News Wire) – Miraial CO.,LTD. (4238.T) announced that its board of directors, held, approved the distribution of restricted shares to certain executives.
The distribution is set to occur on June 16, 2026, involving ordinary shares totaling 10,000. Each share will be distributed at a price of ¥1,377 per share, resulting in a total value of ¥13.8 million. The recipients include two non-audit committee directors and four executive officers who do not hold director positions. This move aligns with Miraial's long-term incentive program introduced in 2020 aimed at fostering sustained enterprise value growth and aligning interests with shareholders.
Under this program, eligible executives contribute monetary compensation bonds as capital contributions to acquire ordinary shares subject to transfer restrictions. The restriction period for these shares extends up to 50 years, ensuring continuous alignment of executive performance with shareholder value. In addition, Miraial and the designated recipients will enter into a restricted stock grant agreement stipulating that during the restriction period, which runs from June 16, 2026, to June 15, 2076, the shares cannot be transferred, pledged, or otherwise disposed of without approval. Upon expiration of the restriction period or upon termination due to retirement or other valid reasons, the restrictions will be lifted, allowing for the free disposal of the shares.
In cases where the restriction period ends prematurely due to death or resignation, the remaining shares will be acquired by Miraial at no cost.
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