O'Will Corp to Distribute Restricted Shares to Executives on July 24

TOKYO, Jun 25 (Pulse News Wire) – O'will Corporation (3143.T) announced plans to distribute restricted shares to five executives on July 24, 2026. The distribution involves 45,000 ordinary shares at a price of ¥687 per share, totaling ¥30.9 million.

Additionally, the company will grant a total of ¥30.9 million in cash compensation to the executives as part of their incentive program aimed at enhancing motivation and aligning interests with shareholders. Under the restricted stock award program introduced in May 2024, executives will contribute the cash compensation as equity capital to acquire the ordinary shares. The shares will be subject to a restriction period from July 24, 2026, to July 24, 2056.

During this period, the shares cannot be transferred or used as collateral without approval from the company. Restrictions will lift upon meeting certain conditions such as continued service or retirement due to valid reasons. In case of misconduct during the restriction period, the company reserves the right to reclaim the shares.

Furthermore, the shares will be managed through a dedicated account at Nomura Securities to ensure compliance with restrictions.