Nulab Introduces Restricted Share Compensation Plan

TOKYO, May 20 (Pulse News Wire) – Nulab Inc. (5033.T) decided to introduce a restricted share compensation plan for its directors during today's board meeting.

The proposal will be presented at the 23rd Annual General Meeting scheduled for June 24, 2026. Under the new plan, directors will receive either ordinary shares or monetary claims convertible into such shares as part of their remuneration. The total amount of shares or monetary claims granted annually will be capped at ¥14.5 million (with ¥1.3 million allocated for outside directors). Additionally, up to 26,900 thousand shares (and ¥2,500 thousand for outside directors) will be issued or distributed based on the closing price of Nulab’s ordinary shares on the Tokyo Stock Exchange on the day preceding the board resolution.

The plan also includes restrictions on transferring these shares for a certain period and provisions allowing the company to reclaim shares. Directors' specific grant timing and distribution will be determined after review by the Nomination and Remuneration Committee and approval by the board. To implement this new system, shareholders’ approval is required. Currently, director remuneration is set at ¥200 million per annum (including ¥20 million for outside directors), approved at the previous annual general meeting held on June 27, 2025.

The company plans to seek shareholder consent for the additional allocation of up to ¥14.5 million (¥1.3 million for outside directors) for the new compensation framework.