Shindengen Electric Shinden Denko Completes Restricted Share Distribution

TOKYO, Jul 24 (Pulse News Wire) – Shindengen Electric Manufacturing CO.,LTD. (6844.T) completed the payment procedures for restricted share distributions as part of its stock-based compensation plan .

The distribution was approved during the board meeting held on June 26, 2026. Under this program, the company distributed ordinary shares totaling 8,733. Each share was valued at ¥4,180 per unit, resulting in a total distribution amount of ¥36.5 million.

The shares were allocated to four directors (excluding outside directors) and nine executive officers who do not concurrently hold director positions. The distribution took place , marking the completion of the process initiated in the previous month's board resolution. For more detailed information, interested parties should refer to the June 26, 2026, press release titled “Notice Regarding the Disposal of Own Shares as Restricted Stock Compensation.” This move aligns with Shinden Denko’s strategy to incentivize key management personnel through equity-based rewards while adhering to regulatory requirements for restricted shareholding periods.