TOKYO, Jun 12 (Pulse News Wire) – PR Times Corporation (3922.T) resolved today to issue restricted shares as compensation. The issuance involves 12,555 ordinary shares for two directors and 26 shares for one executive officer.
Additionally, 37 employees and one subsidiary director will receive shares totaling 2,662. The payment date is set for June 30, 2026, with each share valued at ¥2,230 per share, resulting in a total issuance amount of ¥45.1 million. This move follows shareholder approval during the 16th Ordinary General Meeting held on May 26, 2021, aimed at aligning management's interests with those of shareholders through stock ownership. Further approvals were granted at subsequent meetings in 2024 and 2026, setting annual monetary compensation limits and introducing additional restricted share grants.
Restricted shares come with holding periods ranging from June 30, 2026, until various future dates up to June 29, 2031. During these periods, recipients cannot transfer their shares without valid reasons recognized by the board. Upon meeting certain conditions, such as continuous service, restrictions will be lifted, allowing free disposal of shares. In case of organizational restructuring or mergers within specified timeframes, restrictions may also be waived early based on board decisions.
The shares will be managed by SMBC Nikko Securities, ensuring compliance with stipulated conditions until restrictions are lifted.
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