Sanwa Holdings Corporation [5929.T]
TOKYO, Apr 01 (Pulse News Wire) – Sanwa Holdings Corporation (5929.T) resolved to issue restricted shares as part of its compensation plan during a board meeting held on April 01, 2026. The company plans to distribute 35,701 ordinary shares to five directors and twelve executive officers of its subsidiary, Sanwa Shutter Kogyo Co., Ltd., on April 28, 2026.
Each share will be priced at ¥3,537, based on the closing price of the company's stock on the Tokyo Stock Exchange on March 31, 2026. The restricted shares are intended to enhance the motivation of executives and promote long-term value creation within the group. They come with restrictions prohibiting transfers until July 01, 2027, contingent upon continued service as directors or executive officers through March 31, 2027.
In case of early termination due to death, resignation, or other valid reasons, the restriction period would be adjusted accordingly. Additionally, Sanwa Holdings will enter into individual agreements with recipients detailing conditions such as the prohibition on transferring or pledging the restricted shares during the restriction period. Upon expiration of the restriction period, the company will acquire any remaining restricted shares without payment.
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