Sanwa Holdings Corporation [5929.T]
TOKYO, Jun 24 (Pulse News Wire) – Sanwa Holdings Corporation (5929.T) announced that its board of directors meeting held on June 24, 2026 approved the distribution of restricted shares as part of its incentive compensation program. The company plans to distribute 53,373 ordinary shares valued at ¥3,660 per share on July 17, 2026 to three executives and 367 employees of affiliated companies.
The restricted shares come with vesting conditions tied to continued employment. Executives must hold their positions until March 31, 2027, while employees need to maintain their roles through July 1, 2027.
In case of early termination due to death, resignation, or other valid reasons, the number of vested shares will be prorated based on the duration of service. Additionally, Sanwa Holdings will manage these restricted shares in dedicated accounts at Daiwa Securities during the restriction period to prevent unauthorized transfers or pledges.
The company's board retains the right to lift restrictions prematurely if significant organizational changes occur, such as mergers or spin-offs, affecting the company’s structure.
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