TOKYO, May 26 (Pulse News Wire) – Open Group,inc. (6572.T) announced today that its board of directors has approved the distribution of restricted shares as part of its performance-based compensation program.
The shares will be distributed on June 25, 2026, with each share valued at ¥199. A total of 78,239 ordinary shares will be allocated, representing a total value of ¥15.6 million. This distribution follows the introduction of a restricted stock award system aimed at enhancing awareness of corporate value creation and promoting shared benefits among shareholders. Under this program, two non-audit committee directors and four audit committee directors, along with one executive officer, will receive these shares based on their contributions and overall performance.
The restricted period for these shares will last until three months after the end of the fiscal year or upon resignation from any position within the company or its subsidiaries, whichever is later. In addition, the company has established detailed agreements outlining conditions for transferring these shares, including restrictions on sale, pledge, or other disposition during the holding period. The shares will be managed by SMBC Nikko Securities Co., Ltd. in dedicated accounts set up by the recipients to ensure compliance with these restrictions.
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