TOKYO, Apr 10 (Pulse News Wire) – OAT Agrio CO.,LTD. (4979.T) approved the issuance of restricted shares as part of its executive compensation plan.
The company's board of directors decided to grant ordinary shares totaling 1,000,000 to six executives without charge on May 8, 2026. The shares will be valued based on the closing price of OAT Agrio’s stock on April 9, 2026, which was ¥2,780 per share. Under the agreement, the awarded shares will be subject to a holding period during which they cannot be transferred, pledged, or otherwise disposed of until May 8, 2026. After this initial period, the restrictions will remain in place until April 1, 2027, contingent upon continued service as a director.
In case of resignation, death, or other reasons deemed valid by the board, the restrictions would be lifted immediately. Additionally, the company will manage these restricted shares through a special account opened at Daiwa Securities Co., Ltd. throughout the restriction period. Upon expiration of the restriction period or at designated times agreed upon in the contract, OAT Agrio reserves the right to acquire the shares free of charge if they remain unreleased from restrictions.
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