Source disclosure: February 26, 2026, 16:00 JST
OSAKA ORGANIC CHEMICAL INDUSTRY LTD. [4187.T]
TOKYO, Feb 26 (Pulse News Wire) – Osaka Organic Chemical Industry Ltd. (4187.T) announced today that its board of directors resolved to distribute restricted shares as part of its equity compensation program.
The distribution will take place on March 19, 2026, involving 2,000 ordinary shares valued at ¥4,630 per share, totaling ¥9.3 million. The shares will be distributed among four executives who are not outside directors or audit committee members. This move follows the introduction of a new incentive program aimed at enhancing executive motivation and aligning their interests with those of shareholders. Under this program, executives receive debt securities which they contribute as capital to acquire company shares. Each executive receives up to ¥10 million worth of debt securities annually, leading to the issuance of up to 10,000 shares yearly based on the closing price of the company's stock on the Tokyo Stock Exchange Prime Market prior to the board resolution. The restricted shares come with a three-year holding period until March 18, 2029, during which time the shares cannot be transferred, pledged, or otherwise disposed of.
Upon completion of the holding period, the restrictions will be lifted, allowing the executives to sell their shares freely. In case of resignation due to reasons other than death within the restriction period, the lifting of restrictions will occur immediately after the resignation. If an executive resigns due to death, the restrictions will be lifted according to a later-determined date by the board. Additionally, the company has entered into agreements with Nomura Securities Co., Ltd. to manage the restricted shares in dedicated accounts to ensure compliance with the restrictions. Any organizational restructuring approved by the board or shareholder meeting during the restriction period could lead to early release of restrictions on a pro-rata basis.
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