TOKYO, Jun 23 (Pulse News Wire) – SoftBank Corp. (9434.T) resolved today to distribute restricted shares as part of its stock compensation program.
The distribution, set for July 17, involves ordinary shares totaling 1,000,000 units at a price of ￥1,000 per share, amounting to a total value of ￥1,000,000,000. The shares will be allocated to nine directors and four executive officers. The purpose of this distribution is to incentivize long-term performance improvement and align interests among executives and shareholders.
The restricted shares come with vesting conditions that prohibit transfers until the recipients cease their roles within the company. Additionally, the shares will be managed through Mizuho Securities' dedicated accounts to ensure compliance with restrictions. In another development, the company noted that it had previously amended the upper limit of monetary compensation for restricted stock grants to ￥1,000,000 annually, approved during the 35th Ordinary General Meeting held on June 22, 2021.
Furthermore, the inclusion of external directors in the restricted stock grant program was ratified at the 39th Ordinary General Meeting on June 26, 2025.
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