OPTEX GROUP Company,Limited [6914.T]
TOKYO, Apr 08 (Pulse News Wire) – Optex Group Company,limited (6914.T) announced today that its board of directors, held on April 08, 2026, approved the issuance of restricted shares as part of its equity compensation program. The company plans to distribute ordinary shares worth ¥2,720 per share on April 24, 2026, totaling ¥10.1 million.
This distribution involves three executives who will receive the shares based on their performance and continued service until the end of the restriction period. The total number of shares to be distributed is 3,700. The shares will be subject to restrictions until April 23, 2029, during which time the recipients cannot sell, pledge, or otherwise dispose of the shares without approval from the company's board. The purpose of this equity incentive plan is to align executive interests with shareholder value and encourage long-term growth.
Under the scheme, executives receive cash-based compensation bonds, which they invest in the company’s newly issued ordinary shares. The price per share for the issuance was determined based on the closing price of OPTEX GROUP's stock on the Tokyo Stock Exchange on April 07, 2026, which was set at ¥2,720. In addition, the agreement includes conditions for lifting the restrictions, such as continuous employment and meeting certain performance criteria. If these conditions are not met, the company reserves the right to reclaim the shares.
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