TOKYO, Jun 25 (Pulse News Wire) – Riken Keiki CO.,LTD. (7734.T) resolved to distribute restricted shares to executives on July 21, 2026.
The distribution involves transferring ordinary shares worth up to ¥3,615 per share to three unnamed executives. The total value of the transaction is estimated at ¥18.0 million. This move follows the company's decision in May 2020 to introduce a long-term incentive program aimed at aligning executive interests with shareholder value. Under this program, executives receive restricted stock units based on monetary compensation, with restrictions lasting up to 30 years.
In this instance, the company is distributing ordinary shares valued at the closing price on June 24, 2026, which was set at ¥3,615 per share. The restricted shares come with conditions such as holding periods during which the recipients cannot sell or pledge the shares. Restrictions will be lifted upon continuous service until the end of the restriction period or earlier under specific circumstances, such as retirement due to age or term completion. Should the restrictions remain unmet, the company retains the right to reclaim the shares without payment.
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