TOKYO, Mar 26 (Pulse News Wire) – SIIX Corporation (7613.T) announced today that its board of directors has approved the distribution of restricted shares as part of a stock compensation program. The company plans to distribute ordinary shares totaling 11,764 on April 10, 2026, at a price of ¥1,216 per share, amounting to a total value of ¥14.3 million.
The shares will be allocated to four directors and two executive officers, excluding external directors. This move follows shareholder approval in March 2022 for a restricted stock grant program aimed at aligning executives' interests more closely with those of shareholders. In addition, the company received shareholder consent in March 2026 to revise director remuneration to a cap of ¥800 million annually, with external directors capped at ¥200 million.
Under the agreement, the restricted shares will be subject to a holding period until the respective officer's departure from their position. Should any officer resign during this period, the company reserves the right to reclaim the shares without compensation, except for valid reasons recognized by the board. Upon completion of the holding period, restrictions on the shares will be lifted, allowing free trading.
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