SAKAI HEAVY INDUSTRIES,LTD. [6358.T]
TOKYO, Jun 26 (Pulse News Wire) – Sakai Heavy Industries,ltd. (6358.T) announced plans to issue restricted shares as compensation to directors and executives.
The issuance, set to occur on June 26, 2026, involves distributing ordinary shares totaling 44,800. Each share will be priced at ¥2,066 per share, resulting in a total issuance value of ¥92.6 million. This initiative follows decisions made during the company's board meeting held .
The shares are intended to incentivize long-term growth and align interests between management and shareholders. Directors and executives will be subject to a three-year restriction period from June 26, 2026 to July 21, 2029, barring transfers except under specific conditions outlined in the agreement. Under the scheme, two non-audit committee directors, three audit committee directors, and ten executive officers will receive restricted shares based on their contributions and responsibilities.
The company will acquire any untransferred shares upon expiration of the restriction period or earlier termination due to resignation or organizational restructuring.
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