Strust to Distribute Restricted Shares to Executives on July 7

TOKYO, Jun 22 (Pulse News Wire) – STrust Co.,Ltd. (3280.F) resolved today to distribute restricted shares as part of its executive compensation program.

The distribution will take place on June 22, 2026 and involves ordinary shares totaling 30,681. Each share will be sold at ¥977 per share, resulting in a total value of ¥30.0 million. Four executives will receive 17,733 shares, while four subsidiary directors will collectively receive 12,948 shares. The purpose of this distribution is to align executives' interests with those of shareholders by linking their rewards to stock performance. Under the scheme approved at the company's 22nd Ordinary General Meeting held on May 27, 2020, the restricted shares carry a vesting period of up to 50 years, with the initial allocation set for three years but extended to 30 years based on performance goals.

Additionally, the company decided that upon the expiration of the restriction period on July 6, 2056, any unvested shares will revert to the company. Executives who remain continuously employed until the next annual general meeting will have their restrictions lifted entirely. However, if an executive resigns prematurely due to valid reasons recognized by the board, a portion of the shares will still vest proportionally based on tenure. The distribution price was determined based on the closing price of STrust Co.,Ltd.'s ordinary shares on the Tokyo Stock Exchange on June 19, 2026, which was set at ¥977. This ensures a fair and non-arbitrary valuation consistent with prevailing market conditions.