Rinnai Completes Restricted Share Distribution for Performance-Based Compensation

TOKYO, Jul 24 (Pulse News Wire) – Rinnai Corporation (5947.NG) completed the payment procedures for the distribution of restricted shares as part of performance-based compensation. The resolution was made during the board meeting held on June 26, 2026.

Details of the share distribution include: - Type of Shares: Ordinary shares of Rinnai Corporation - Number of Shares: 16,864 - Price per Share: ¥3,543 - Total Amount: ¥59.7 million The shares were distributed among 12 recipients, consisting of three directors and nine executive officers who do not concurrently hold director positions. This distribution aligns with the company's strategy to enhance the effectiveness of incentive mechanisms through performance-linked rewards.

External directors and those holding a significant number of shares are excluded from receiving restricted shares as part of this program.