TOKYO, Jun 19 (Pulse News Wire) – NICHIDEN Corporation (9902.T) announced today that its board of directors resolved to distribute restricted shares on July 17, 2026. The distribution involves ordinary shares valued at ¥2,540 per share, totaling ¥32.5 million.
The shares will be distributed among 17 executives, including four directors and 13 executive officers who do not hold director positions. The purpose of this distribution is to incentivize long-term performance and enhance value-sharing with shareholders. Under the newly introduced restricted stock compensation system, executives will contribute cash awards up to ¥200 million annually in exchange for ordinary shares.
The restriction period for these shares extends until July 16, 2056, ensuring alignment with shareholder interests over the long term. Details of the agreement stipulate that during the restriction period, the shares cannot be transferred or used as collateral without approval. In case of retirement due to normal reasons such as reaching the mandatory age limit, the restrictions will be lifted proportionally based on tenure.
Additionally, the company reserves the right to reclaim shares free of charge if executives violate laws or regulations during their tenure.
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