ONWARD HOLDINGS CO.,LTD. [8016.T]
TOKYO, May 28 (Pulse News Wire) – Onward Holdings CO.,LTD. (8016.T) resolved today to issue restricted stock as part of its compensation program.
The company plans to distribute ordinary shares worth ¥1.5 billion among 28 executives and directors on June 26, 2026. This issuance follows the approval of the restricted stock compensation system at the regular shareholders' meeting held on May 22, 2025. The purpose of this system is to incentivize long-term value creation and enhance shareholder alignment. Under this scheme, eligible recipients will receive ordinary shares based on their performance and contributions to the company.
The restricted stock will carry limitations on transfer until June 26, 2026, or upon certain conditions such as continued service within designated roles. In case of resignation due to retirement or other valid reasons, the restrictions will be lifted accordingly. Any untransferred shares will revert to the company without compensation. Onward Holdings will manage these shares through Nomura Securities to ensure compliance with the restrictions.
The distribution price per share was determined based on the average closing prices of the company's ordinary shares traded on the Tokyo Stock Exchange over the past month, ensuring fairness and transparency.
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