TOKYO, Jun 23 (Pulse News Wire) – Nihon Kogyo CO.,LTD. (5279.T) resolved today to distribute restricted shares as part of its executive compensation plan.
The company's board of directors approved the distribution of ordinary shares worth ¥10.5 million on June 23, 2026 to seven executives. Each share will be valued at ¥1,182. The purpose of this restricted share program, introduced on May 15, 2024, is to align executive compensation with stock performance and enhance long-term value creation for shareholders.
Under the program, executives must hold the shares for three years without transferring them, except under certain conditions such as continued service with the company. If an executive leaves early due to valid reasons, a portion of their shares may be released from restrictions based on tenure. In addition, the company will acquire any unreleased shares at no cost upon expiration of the restriction period.
Shares will be managed through dedicated accounts at securities firms designated by NIHON KOGYO until the restrictions are lifted.
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