NIPPON KAYAKU CO.,LTD. [4272.T]
TOKYO, Jun 25 (Pulse News Wire) – Nippon Kayaku CO.,LTD. (4272.T) resolved to issue restricted shares as compensation during its board meeting held .
The company plans to distribute ordinary shares worth ¥89.4 million in total, with each share priced at ¥2,056. The distribution is scheduled for July 17, 2026, and will benefit five directors and twelve executive officers excluding overseas employees and those. Under the incentive program introduced in May 2021, eligible executives receive stock options tied to their performance and responsibilities. These options come with restrictions on trading until the executives retire from their positions.
, the board approved the issuance of ordinary shares totaling 43,463 based on the total monetary rewards of ¥89.4 million previously granted to 17 individuals. The restricted shares will be managed through dedicated accounts set up with Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., ensuring compliance with the imposed trading limitations. The shares cannot be transferred or used as collateral until the executives' tenure ends. In case of early departure without valid reasons, the company reserves the right to reclaim the shares.
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