Shionogi to Dispose of Restricted Shares on June 24

TOKYO, Jun 24 (Pulse News Wire) – Shionogi & CO.,LTD. (4507.T) announced today that it will dispose of restricted shares on July 23, 2026.

The disposal involves 1,010,000 ordinary shares at a price of 1 share per ¥2,819. The total amount of the transaction is ¥567.6 million. The shares will be distributed among non-audit committee directors, executive officers who do not concurrently hold director positions, and department heads. The purpose of this disposal is to implement a long-term equity compensation plan aimed at enhancing shareholder value and aligning management incentives with long-term performance goals.

Under the plan, executives receive restricted stock awards based on their continued service and achievement of predefined performance metrics. The restrictions on these shares last up to 30 years for long-term equity awards and three years for mid-term performance-linked awards. The company also outlined detailed conditions for lifting these restrictions, including criteria related to sales revenue growth, overseas sales growth rate, EBITDA, ROE, and relative TSR. Additionally, the company stated that it will acquire any remaining restricted shares free of charge upon expiration of the restriction period or upon termination due to valid reasons such as retirement or resignation.

The shares will be managed through dedicated accounts held at Nomura Securities during the restriction period to ensure compliance with the agreement terms.