Namura Shipbuilding Co.,Ltd. [7014.T]
TOKYO, Jun 23 (Pulse News Wire) – Namura Shipbuilding CO.,LTD. (7014.T) resolved today to issue restricted shares as part of its incentive compensation program for directors and executive officers.
The issuance, scheduled for July 22, 2026, involves distributing ordinary shares worth a total of 306.4 million based on cash awards totaling ¥306.4 million. The shares will be allocated to five non-outsider directors and seven executive officers who do not hold director positions, including 500 shares for executives Under the program, the restricted shares cannot be transferred until July 22, 2026, or upon resignation or retirement from their respective roles within the stipulated service period.
In case of early termination due to valid reasons, the restrictions will be lifted proportionally based on the duration served. Additionally, the company will acquire the restricted shares free of charge if the recipients engage in illegal activities during the restriction period or fail to meet certain conditions set forth in the agreement.
The shares will also be managed through a dedicated account at Nomura Securities to ensure compliance with the restrictions.
🟡 Confidence: Standard AI-translated content.