OSG CORPORATION CO.,LTD. [6757.T]
TOKYO, Apr 28 (Pulse News Wire) – OSG Corporation CO.,LTD. (6757.T) announced today that its board of directors resolved to distribute restricted shares as part of a share-based compensation program.
The distribution, set for May 13, involves transferring 5,570 common shares to four executives, valued at ¥828 per share, totaling ¥4.6 million. The purpose is to incentivize long-term value creation and enhance shareholder alignment. Each executive will receive cash awards totaling ¥4.6 million in exchange for these shares.
The restricted period runs from May 13 until the executive loses their position on the board or designated role within the company. During this time, the shares cannot be transferred, pledged, or gifted to third parties without approval. The dilution impact is minor, representing less than 0.10% based on the total number of outstanding shares as of January 31, 2026 (5,500,000).
The company believes this aligns with the objectives of the compensation plan.
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