Source disclosure: February 27, 2026, 15:00 JST
SENSHU ELECTRIC CO.,LTD. [9824.T]
TOKYO, Feb 27 (Pulse News Wire) – Senshu Electric CO.,LTD. (9824.T) resolved today to distribute restricted shares to its executives as part of a share-based compensation program.
The distribution, set for March 26, involves transferring 1,000,000 ordinary shares at ¥1,000 per share, totaling ¥1,000,000,000. Seven directors will receive these shares, excluding audit committee members and outside directors. This initiative aims to incentivize long-term value creation and enhance shareholder alignment.
Under the program, directors receive equity grants based on their performance and responsibilities, subject to a 30-year holding period. The shares cannot be transferred during this period without meeting certain conditions, such as continued service as a director until the end of the restriction period or resignation due to death or other valid reasons. In addition, the company entered into individual agreements with the recipients detailing restrictions and conditions.
These agreements stipulate that the shares will be managed through a dedicated account at Okasan Securities Co., Ltd., ensuring compliance with the non-transferability clause throughout the restriction period.
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