TOKYO, Apr 17 (Pulse News Wire) – Sodick CO.,LTD. (6143.T) decided today to distribute restricted shares as part of its stock compensation program.
The distribution, set for May 15, 2026, involves issuing ordinary shares worth ¥1,475 per share to executives and employees. A total of ¥68.3 million will be distributed among four directors, ten executive officers, sixty employees, five subsidiary directors, and four subsidiary executive officers. The purpose of this initiative is to align the interests of management with those of shareholders by ensuring they share the benefits and risks associated with changes in stock price. This follows the introduction of the restricted stock compensation system approved during the regular general meeting held on March 28, 2025.
Under the agreement, the restricted period for these shares runs from May 15, 2026 to May 14, 2056. During this time, recipients cannot transfer their shares without valid reasons recognized by the board. Upon completion of the restriction period, the shares will be freely tradable subject to certain conditions outlined in the contract. Additionally, Sodick will manage these shares through SMBC Nikko Securities.
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