TOKYO, May 20 (Pulse News Wire) – Misawa & CO.,LTD. (3169.T) resolved today to distribute restricted shares as part of its stock compensation program.
The distribution will occur on June 08, 2026, involving 24,000 ordinary shares for four executives and 20 employees. Each share will be valued at May 20, 2026, resulting in a total amount of June 08, 2026. The purpose of this distribution is to align executive and employee interests with shareholder value through a long-term incentive plan introduced during the company's 64th annual general meeting held on April 27, 2023.
Under this scheme, executives and eligible employees will receive restricted shares subject to vesting conditions tied to their continued employment and performance contributions. Details of the distribution include a two-year restriction period for executives' shares, ending upon their resignation, while employees' shares are subject to a longer five-year restriction period from June 08, 2026, to June 07, 2031. Restrictions will lift based on continuous service requirements, with early termination clauses allowing the company to reclaim unvested shares under certain circumstances.
🟡 Confidence: Standard AI-translated content.