TOKYO, Mar 27 (Pulse News Wire) – Monotaro CO.,LTD. (3064.T) announced today that its board of directors decided on March 26 to issue restricted shares to eight executives on April 24.
Each share will be priced at March 27, 2026, totaling April 24, 2026. The issuance follows a decision made during a compensation committee meeting held on March 26, based on a long-term incentive program introduced in February 2021. Under this program, the company aims to enhance its corporate value and shareholder returns through performance-based equity grants. Each executive will receive a number of shares proportional to their responsibilities and contributions, subject to vesting conditions tied to continued service until April 1, 2027.
Should an executive lose their position due to death, term expiration, or other valid reasons within this period, a portion of the shares will be released from restrictions based on the duration of their tenure. Additionally, the company reserves the right to reclaim unvested shares if there are significant breaches of conduct or violations affecting the company's reputation or operations. Shares will be managed in dedicated accounts at Nomura Securities throughout the restriction period. This move underscores MonotaRO’s commitment to aligning executive interests with long-term strategic goals and enhancing shareholder value.
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