TOKYO, Jun 26 (Pulse News Wire) – NAC CO.,LTD. (9788.T) resolved at its board meeting held on June 26, 2026 to distribute restricted shares as part of its incentive compensation program.
The company plans to issue 89,331 ordinary shares on July 24, 2026 to six directors and 15 employees. Each share will be priced at ¥497 per share, totaling ¥44.44 million. Under the program, recipients cannot sell, pledge, or otherwise dispose of their shares until they either cease being a director or employee within the fiscal year ending March 2027.
In case of early termination, a prorated portion of the shares will remain restricted based on the duration of service. Additionally, the company retains the right to reclaim unrestricted shares at no cost. The shares will be managed through special accounts set up at Daiwa Securities during the restriction period.
Any organizational restructuring approved by the shareholders' meeting or board prior to the expiration of restrictions will also affect the vesting conditions accordingly.
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