Renaissance to Distribute Restricted Shares to Executives on July 22

TOKYO, Jun 25 (Pulse News Wire) – Renaissance,incorporated (2378.T) resolved to distribute restricted shares to executives on July 22, 2026. The distribution involves 29,646 ordinary shares valued at June 25, 2026 per share, totaling July 22, 2026.

This move follows the introduction of a restricted stock compensation program in May 2019 aimed at providing long-term incentives and aligning executive interests with shareholder value. Under this program, executives receive restricted shares based on their performance and contributions to the company. The shares come with a three-year restriction period during which they cannot be transferred, pledged, or otherwise disposed of without approval. The resolution also outlines conditions for lifting restrictions, such as continued employment within the group until the end of the restriction period.

In case of retirement due to reasons other than death, the restrictions would be lifted immediately upon leaving the position. Should an executive retire due to death, restrictions would be lifted according to a schedule determined by the board. Additionally, the company plans to manage these restricted shares through a dedicated account with Nomura Securities to ensure compliance with the restrictions. Any organizational restructuring approved by the shareholders' meeting or board could lead to early lifting of restrictions and potential acquisition of remaining shares by the company.