TOKYO, Jun 23 (Pulse News Wire) – PILLAR Corporation (6490.T) announced that its board of directors decided on June 23 to distribute restricted shares to four executives on July 24. The distribution involves ordinary shares totaling 7,160 at a price of ¥11,170 per share, resulting in a total value of ¥80.0 million.
This move aims to enhance long-term incentives and align executive interests with shareholder value. Under the restricted stock award program introduced in May 2020, PILLAR granted monetary compensation bonds up to ¥200 million annually to non-outsider directors and audit committee members. In June 2025, shareholders approved the issuance of restricted shares based on these bonds, with restrictions lasting up to 50 years.
The restricted shares will be managed through a special account at Nomura Securities during the restriction period from July 24, 2026, to July 23, 2076. Restrictions will lift upon the completion of the designated service period or earlier due to retirement under valid reasons. PILLAR retains the right to acquire any untransferred shares free of charge upon expiration of the restriction period.
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