Odawara Engineering Co.,Ltd. [6149.T]
TOKYO, Apr 23 (Pulse News Wire) – Odawara Engineering CO.,LTD. (6149.T) announced today that its board of directors has approved the issuance of restricted shares as part of a stock compensation program for executives.
The company plans to distribute ordinary shares valued at ¥1,000 per share to four internal directors on May 8, 2026. The total value of the distribution is expected to be ¥132 million. This move follows the implementation of a stock compensation system in 2018 aimed at aligning executive interests with shareholder gains.
Under this scheme, executives receive restricted shares subject to a five-year to thirty-year holding period, designed to encourage long-term performance improvement. The restricted shares will be managed through SMBC Nikko Securities and cannot be transferred until the end of the restriction period, which runs from May 8, 2026, to May 7, 2056. Any shares held by executives who resign within the restriction period will revert to the company without compensation, except in cases deemed valid by the board, such as death or term expiration.
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