Rinnai Corp to Distribute Restricted Shares Worth \(NUM_4\) on July 24

TOKYO, Jun 26 (Pulse News Wire) – Rinnai Corporation (5947.NG) announced that it will distribute restricted shares worth \(NUM_4\) among 12 executives on July 24, 2026. The distribution includes ordinary shares totaling \(NUM_9\).

Each share will be sold at \(NUM_3\) per share. The restricted shares are part of a performance-based compensation program aimed at incentivizing key executives and fostering greater value alignment with shareholders. Under this scheme, executives must hold the shares until their departure from designated positions within the company or its subsidiaries.

In case of early termination due to valid reasons, partial lifting of restrictions applies based on tenure served. Additionally, the company emphasized that the distribution price was set at the closing price of Rinnai's stock on the Tokyo Stock Exchange on June 25, 2026, ensuring fairness and transparency. Any violation of legal regulations during the restriction period would result in the company reclaiming the shares without compensation.