TOKYO, Jun 25 (Pulse News Wire) – Press Kogyo CO.,LTD. (7246.T) announced that its board of directors approved a share repurchase plan aimed at rewarding executives and fostering long-term value creation.
The company plans to distribute 1,000,000 ordinary shares on July 24, 2026, at a price of ¥1,000 per share, totaling ¥1,000,000,000. The shares will be distributed among six non-executive directors and 14 executive officers who do not hold director positions. This initiative follows the introduction of a restricted stock compensation program in March 2022, designed to incentivize key personnel and enhance shareholder alignment. Under this program, eligible executives contribute cash compensation up to ¥1,000 annually in exchange for restricted shares.
The restrictions on these shares will last until the executives either retire or resign from their designated roles within the company. The repurchased shares will be subject to a vesting schedule tied to continued service. Should an executive retire or resign due to legitimate reasons during the vesting period, the number of vested shares will be prorated based on the duration of their service. In cases of misconduct or breach of contract, the company reserves the right to reclaim all unvested shares without compensation.
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