TOKYO, Jun 26 (Pulse News Wire) – Star Flyer Inc. (9206.T) announced today that its board of directors has approved the issuance of restricted shares to five directors as part of a new incentive program aimed at enhancing long-term corporate value and fostering greater alignment with shareholders.
The restricted shares will be granted based on deferred compensation paid to the directors within their existing salary framework. Each share will be priced at ¥1,919, reflecting the closing price of Star Flyer's ordinary shares on the Tokyo Stock Exchange on June 25, 2026. Under the program, directors will forfeit their rights to sell, pledge, or otherwise dispose of the shares until they cease to hold their positions on the board. The total number of shares to be issued is 4,166, with the payment due on July 24, 2026.
Directors who remain on the board through March 2027 will have all restrictions lifted upon completion of their service period. In cases of early departure due to death or other valid reasons recognized by the board, partial lifting of restrictions will apply based on the duration of their tenure. The restricted shares will be managed by Nomura Securities Co., Ltd. during the restriction period to ensure compliance with the conditions set forth in individual agreements between the company and each director.
Any organizational restructuring involving mergers or spin-offs would also trigger adjustments to the restriction period according to pre-agreed terms.
🟡 Confidence: Standard AI-translated content.