SAWAI GROUP HOLDINGS Co.,Ltd. [4887.T]
TOKYO, Jun 25 (Pulse News Wire) – Sawai Group Holdings CO.,LTD. (4887.T) resolved to issue restricted shares as executive compensation at a board meeting held.
The issuance will take place on July 24, 2026, with a total of 30,789 ordinary shares being allocated to executives and subsidiary managers. The shares will be granted based on performance criteria set forth in the fourth regular shareholders' meeting held on June 25, 2025. The purpose is to align executives’ interests with those of shareholders by linking their compensation to stock price movements and long-term company performance. The total value of the cash-based compensation to be converted into shares is ¥29.0 million for restricted share awards and ¥22.0 million for performance-linked restricted share awards.
The restricted period for these shares extends until the respective executives retire from their positions within the company or subsidiaries. During this period, the shares cannot be transferred, pledged, or gifted to others. Upon completion of the restricted period, the restrictions will be lifted, allowing the executives to freely trade their shares. Additionally, the company plans to purchase back any untransferred shares at the end of the restriction period if certain conditions are met.
The issuance will result in a dilution ratio of 0.03% compared to the total number of outstanding shares as of May 31, 2026, which is considered reasonable for the intended purposes of the program.
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