TOKYO, Apr 03 (Pulse News Wire) – Nitta Corporation (5186.T) resolved today to grant restricted shares to seven executives as part of its long-term incentive program. The shares will be distributed on April 02, 2026, with each share valued at ¥4,545.
A total of 6,699 ordinary shares will be granted, amounting to ¥30.4 million in total value. The distribution is subject to restrictions until April 28, 2026, prohibiting transfers during this period. The purpose of this initiative is to align executive interests with shareholder value and promote sustained growth. Executives who join after March 01, 2019, will receive these grants based on their roles and responsibilities within the company.
The shares will be managed through a dedicated account at Daiwa Securities Co., Ltd., ensuring compliance with the imposed restrictions. Under the agreement, the restriction period ends upon the completion of the service term from the issuance date to April 02, 2026. Any premature termination due to reasons such as death or retirement will result in partial lifting of restrictions proportionate to the completed service period. Nitta will acquire any untransferred shares free of charge once the restriction period concludes.
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