Onoken to Distribute Restricted Shares to Executives

TOKYO, Jun 26 (Pulse News Wire) – Onoken CO.,LTD. (7414.F) resolved to distribute restricted shares to executives as part of their equity compensation plan during a board meeting held .

The distribution involves transferring ordinary shares worth ¥29.9 million to three directors and four executive officers on July 24, 2026, at a price of ¥1,321 per share. This move follows the decision made on May 15, 2020, to introduce a restricted stock award system aimed at enhancing long-term corporate value and aligning interests with shareholders. The total number of shares distributed annually under this scheme is capped at 100,000 shares, with a monetary limit of ¥100 million. Directors who hold positions without audit committee roles and non-director executive officers will also benefit from similar arrangements.

Under the agreement, recipients cannot sell, pledge, gift, or otherwise dispose of the allocated shares until they retire or resign from their designated positions within the company. In cases of resignation or retirement due to valid reasons, partial lifting of restrictions will apply based on tenure. Should an executive leave without legitimate cause, the company reserves the right to reclaim the shares. The shares will be managed through dedicated accounts set up with Mizuho Securities according to the company's specifications until the restrictions are lifted.