Otsuka Holdings Co.,Ltd. [4578.T]
TOKYO, Mar 27 (Pulse News Wire) – Otsuka Holdings CO.,LTD. (4578.T) resolved today to sell restricted shares on April 24, 2026.
The company plans to dispose of ordinary shares worth up to ¥930.7 million through this transaction, which involves 8 directors and 35 subsidiary directors. Each share will be sold at ¥11,090 per share. This sale is part of the company's incentive program introduced in March 28, 2019, aimed at achieving long-term performance and enhancing shareholder value.
The program was revised during the shareholders' meeting held on March 28, 2024, allowing for annual monetary compensation of up to ¥1.200 billion for eligible directors. Under the agreement, the shares will remain subject to restrictions until June 1, 2031, barring any exceptions such as the achievement of certain financial metrics outlined in the fourth mid-term business plan disclosed on June 7, 2024. If these conditions are met, the restrictions will be lifted, enabling the recipients to freely trade their shares three years later.
Failure to meet these criteria will result in the company acquiring the sharesly.
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