TOKYO, Mar 24 (Pulse News Wire) – ORO CO.,LTD. (3983.T) announced today that its board of directors decided to distribute restricted shares as part of its executive compensation program on April 23, 2026.
The distribution involves 8,713 ordinary shares valued at ¥1,000 per share, totaling ¥8,713,000. The shares will be distributed to two directors and one executive officer who collectively hold principal monetary claims amounting to ¥1,000,000. Under the company's restricted stock grant system, which was introduced in February 2020 and approved by shareholders in March 2020, executives receive restricted shares tied to their performance and service tenure.
The restriction period for these shares extends up to 50 years, ensuring long-term alignment with shareholder interests. The agreement stipulates that if any recipient leaves their position prematurely without valid reasons during the restriction period, ORO Co. will reclaim the shares.
Additionally, the shares will be managed through a dedicated account at Nomura Securities to ensure compliance with restrictions on transfers and pledges.
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