TOKYO, Jun 25 (Pulse News Wire) – Santo Corporation (1788.T) announced plans to distribute restricted shares to eight employees on July 17, 2026, as part of a long-term incentive program. The distribution involves 800 ordinary shares at a price of ¥4,520 per share, totaling ¥3.6 million.
The shares will be subject to a holding period until July 16, 2027, during which time employees cannot sell or transfer the shares without approval from the board of directors. Under the agreement, employees who remain with the company through July 16, 2027, will have their restrictions lifted, allowing them to fully own the shares. However, those who leave the company before the end of the restriction period will forfeit their shares unless there are valid reasons approved by the board.
Shares will be managed through SMBC Nikko Securities, ensuring compliance with the restrictions. This move reflects the company's commitment to rewarding employee contributions while aligning their interests with shareholder value. The distribution price was set based on the closing price of Santo Corporation’s stock on the Tokyo Stock Exchange on June 24, 2026, which was ¥4,520.
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