Pietro to Distribute Restricted Shares to Executives

TOKYO, Jul 17 (Pulse News Wire) – Pietro CO.,LTD. (2818.T) resolved to distribute restricted shares to five executives on August 7, 2026.

The distribution involves ordinary shares totaling 21,280 at a per-share value of ¥1,762, resulting in a total distribution amount of ¥37.5 million. This move aims to enhance executive motivation and align their interests with shareholder value over the long term. Under the share award program introduced in May 2019, executives receive stock awards tied to performance-based compensation, subject to a 20-year restriction period.

The shares will be managed through a special account at Nomura Securities during the restriction period, ensuring compliance with the agreement's conditions. Executives will retain the shares until the end of the restriction period, after which the company may acquire any remaining shares without compensation. In case of retirement due to reasons such as reaching the mandatory age limit, the shares will be released based on a formula involving tenure and the number of shares held.