Parker Corp to Distribute Restricted Shares to Executives on June 25

TOKYO, Jun 25 (Pulse News Wire) – Parker Corporation (9845.T) resolved to distribute restricted shares as part of its stock compensation program during a board meeting held on June 25. The distribution will occur on July 24, involving 10,500 ordinary shares at a price of ¥1,370 per share, totaling ¥14.4 million.

The shares will be allocated among 15 executives, including six directors and nine executive officers. Under the new restricted stock grant agreement, the shares will be subject to a 30-year holding period from July 24, 2026, to July 23, 2056. During this period, recipients cannot sell, pledge, or otherwise dispose of the shares without approval.

In case of death or retirement, restrictions may be lifted earlier based on the duration of service. Additionally, the company will acquire any unredeemed shares free of charge once the restriction period ends. The shares will be managed through accounts designated by the company at a specified securities firm to ensure compliance with the restrictions.