Nifty Lifestyle Approves Restricted Share Awards for Executives

TOKYO, Jul 16 (Pulse News Wire) – Nifty Lifestyle CO.,LTD. (4262.T) approved restricted share awards for two executives through a resolution passed at its board meeting.

The shares will be distributed on August 14, 2026, with each share valued at ¥1,336. A total of 2,256 ordinary shares will be awarded, amounting to ¥3.0 million in total value. The purpose of these awards is to incentivize long-term growth and align executive interests with shareholder value. Under the restricted stock award program, the shares cannot be transferred, pledged, gifted, or otherwise disposed of during the restriction period, which ends upon the recipient's departure from their position at NIFTY Lifestyle or completion of the fiscal year in question.

Additionally, the company resolved to grant principal monetary compensation bonds totaling ¥3.0 million to the executives, equivalent to the cash component of their remuneration. The restricted shares will be allocated based on these bonds, with each executive receiving 2,256 ordinary shares. The restrictions on the shares will be lifted once the recipients complete a service period without resignation due to improper reasons. In case of premature termination, the company retains the right to reclaim the shares free of charge.

Special provisions apply in scenarios involving organizational restructuring, ensuring appropriate adjustments to the restriction period and conditions.