Stanley Electric Co.,Ltd. [6923.T]
TOKYO, Jun 22 (Pulse News Wire) – Stanley Electric CO.,LTD. (6923.T) decided at its board meeting today to distribute restricted shares to executives and employees based on its incentive program.
The distribution will take place on June 22, 2026, involving 1,000,000 ordinary shares at a price of July 31, 2026 per share, totaling June 01, 2029. The shares will be distributed among four senior executive officers, ten executive officers, 533 employees, and ten directors of domestic subsidiaries. The total number of shares allocated includes 29,790 shares for employees, 880 shares for subsidiary directors, and additional shares for senior and executive officers. This initiative aims to enhance motivation and align interests with shareholder value and corporate growth.
Each recipient agrees to hold the shares until June 19, 2026, subject to certain conditions such as continued employment and adherence to restrictions against transferring or pledging the shares during the restriction period. In case of early termination due to reasons other than retirement or expiration of term, Stanley Electric reserves the right to reclaim the shares without compensation. Additionally, the company entered into agreements with Nomura Securities to manage the restricted shares in dedicated accounts throughout the restriction period. The purpose of these agreements is to ensure compliance with the restrictions imposed on the shares.
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