TOKYO, Apr 16 (Pulse News Wire) – Nippon Aqua CO.,LTD. (1429.T) resolved to distribute restricted shares to executives on May 15, 2026.
The resolution was made during a board meeting held. A total of 23,500 ordinary shares will be distributed, with each share valued at ¥702. The total value of the distribution is ¥16.5 million. This distribution is part of a restricted stock compensation program aimed at incentivizing executive performance and aligning their interests with those of shareholders. Under this program, three named executives will receive the shares subject to a 40-year restriction period from May 15, 2026, to May 14, 2066.
During this period, the shares cannot be transferred, pledged, or otherwise disposed of without approval from the company. Additionally, the company noted that should the executives cease their roles due to death, retirement, or other valid reasons within the restriction period, the restrictions would be lifted proportionally based on the time served. In such cases, the company would acquire the remaining restricted shares free of charge. The shares will be managed through dedicated accounts set up at Nomura Securities to ensure compliance with the restrictions. Any organizational restructuring approved by the board or shareholder meetings could also lead to early lifting of restrictions and automatic acquisition by the company of unreleased shares.
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