TOKYO, May 12 (Pulse News Wire) – Mizuno Corporation (8022.T) announced today that its board of directors resolved to offer restricted shares to employees through the Employee Shareholding Association based on the Employee Restricted Share Incentive Program. The share distribution is scheduled for August 10, 2026, with the price set at ¥3,365 per share.
Assuming the maximum number of eligible employees, up to 45,045 shares could be distributed, representing a dilution rate of 0.06% relative to the total outstanding shares as of March 31, 2026. Under the program, each eligible employee would receive 15 restricted shares, funded by a special bonus paid out in cash by the company. The shares will be subject to restrictions until August 8, 2031, during which time transfers and pledges will be prohibited.
Upon meeting certain conditions, such as continuous membership in the association, the restrictions will be lifted. The company believes this initiative will enhance employee motivation towards performance improvement and promote value-sharing with shareholders, contributing positively to the group's enterprise value. The transaction will proceed contingent upon revisions to the association’s regulations taking effect prior to the distribution date and the execution of allocation agreements between the company and the association within a specified timeframe.
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