TOKYO, Jun 26 (Pulse News Wire) – Nice Corporation (8089.T) announced today that its board of directors resolved to issue restricted shares as compensation to five executive directors. The issuance, scheduled for July 17, 2026, involves issuing Nice Corporation common stock totaling 7,900.
Each share will be priced at ¥1,845 per share, resulting in a total issuance value of ¥14.6 million. This move follows the introduction of a restricted share award system in May 2021 aimed at aligning executives' interests with shareholders through performance-based incentives. Under this program, the annual limit for cash compensation equivalent to restricted shares was set at ¥100 million and the number of ordinary shares issued annually was capped at 60,000 shares.
For the upcoming fiscal year ending March 2027, the company plans to allocate a total of ¥14.6 million in cash compensation to the targeted directors, which will be converted into restricted shares. The allocation will be subject to agreements signed between the company and individual directors, ensuring that the shares remain restricted until the end of their tenure as directors. Additionally, the company retains the right to acquire these shares should the directors fail to meet certain conditions outlined in the agreement.
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