TOKYO, Jun 25 (Pulse News Wire) – Nitta Corporation (5186.T) announced that it has resolved to grant restricted share awards to four directors and two executive officers as part of its long-term incentive program. The shares, totaling 6,203 ordinary shares, will be distributed on July 24, 2026, with each share valued at ¥6,230.
The total value of the distribution is ¥38.6 million. Under the terms of the award, the recipients will be prohibited from transferring the shares until their respective positions as directors or executives are terminated. Additionally, the restrictions will lift upon completion of a service period ending at the conclusion of the fiscal year 2027 annual general meeting, subject to continued employment during this period. In case of early termination due to reasons deemed valid by the board, partial lifting of restrictions may occur based on the duration of service.
Furthermore, Nitta will acquire any untransferred shares at the end of the restriction period without compensation. Shares will be managed through a dedicated account at Daiwa Securities Co., Ltd. during the restriction period. In the event of significant organizational changes approved by the shareholders' meeting, the board may decide to lift restrictions on a portion of the shares prior to the effective date of such changes.
🟢 Confidence: High AI-translated content.