NAKAYAMA STEEL WORKS,LTD. [5408.T]
TOKYO, Jun 25 (Pulse News Wire) – Nakayama Steel Works,ltd. (5408.T) resolved to issue restricted stock awards to its directors and executive officers on July 24, 2026.
The company plans to distribute ordinary shares worth up to 21.1 million based on the closing price of their common stock on June 24, 2026, which was set at ¥602 per share. Under the new incentive program introduced in May 2023, directors and non-executive officers will receive cash compensation and ordinary shares. Directors will get cash bonds totaling ¥13.1 million and 35,046 ordinary shares, while non-executive officers will receive ¥8.0 million in cash bonds and additional shares.
The total principal cash bond amount is ¥21.1 million. The restricted stock grants come with conditions, including a lock-up period until the director or officer leaves their position without valid reasons such as retirement due to age or health issues. In case of early departure, the company reserves the right to reclaim the shares free of charge.
Shares will also be managed through a dedicated account at Nomura Securities during the restriction period to ensure compliance with the agreement.
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