Shimadaya Corporation [250A.T]
TOKYO, Jun 24 (Pulse News Wire) – Shimadaya Corporation (250A.T) announced today that its board of directors approved the distribution of restricted shares as part of an incentive compensation program. On July 24, 2026, the company will distribute ordinary shares worth ¥1,630 per share, totaling ¥16.5 million.
The shares will be allocated to five directors and three executive officers, amounting to 10,128 shares in total. This move aims to align executives' interests with shareholders by providing incentives tied to long-term corporate value enhancement. Under the new restricted stock award system, recipients cannot sell or pledge their shares until July 24, 2026, unless they continue to serve as directors or executive officers through March 2027.
In case of early departure due to death, term expiration, or other valid reasons recognized by the board, a portion of the shares will still be released based on tenure served. The grant price was determined based on the closing price of Shimadaya's ordinary shares on the Tokyo Stock Exchange on June 23, 2026, which stood at ¥1,630. This ensures a fair valuation reflecting recent market conditions without favoring the recipients unduly.
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