TOKYO, Jun 19 (Pulse News Wire) – O.B.System Inc. (5576.T) resolved today to distribute restricted shares as part of its incentive program aimed at enhancing long-term corporate value and fostering greater alignment with shareholders.
The distribution, set for June 19, 2026, involves granting ordinary shares worth ¥2,806 per share to five directors and four executive officers, totaling ¥11.9 million. Directors will receive 3,390 shares while executives will get 840 shares. The shares come with restrictions prohibiting transfers until the recipients retire from their positions. Additionally, the company will grant cash compensation bonds totaling ¥11.9 million to the recipients, which they will convert into shares through a capital contribution method.
The number of shares allocated is based on individual contributions and overall performance considerations. The restricted period runs from June 19, 2026 until the recipient's retirement from any position within the company. During this time, the shares cannot be transferred, pledged, gifted, or otherwise disposed of without approval from the board of directors. In cases where recipients retire early due to valid reasons, the company reserves the right to reclaim the shares free of charge.
Upon completion of the restricted period, the transfer limitations will be lifted, allowing unrestricted trading of the shares.
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