Nippon Fine Chemical Co.,Ltd. [4362.T]
TOKYO, Jun 24 (Pulse News Wire) – Nippon Fine Chemical CO.,LTD. (4362.T) resolved to distribute restricted shares to executives on July 23, 2026.
The distribution involves 8,500 ordinary shares valued at ¥2,531 per share, totaling ¥21.5 million. Recipients include three directors and three executive officers who do not hold director positions. This move aims to enhance motivation and align interests among key personnel through a performance-based compensation system. Under this scheme, recipients must hold the shares until their departure from designated roles within the company.
Restrictions will lift upon continuous service during the defined term or earlier due to legitimate reasons such as retirement. In case of misconduct, the company reserves the right to reclaim the shares without compensation. The shares will be managed by Nomura Securities in dedicated accounts to ensure compliance with restrictions. Payment for these shares is based on the closing price of Nippon Fine Chemical's stock on the Tokyo Stock Exchange Prime Market on June 23, 2026, which was determined to be fair and non-favorable.
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