SUGI HOLDINGS Co.,LTD. [7649.T]
TOKYO, May 21 (Pulse News Wire) – Sugi Holdings CO.,LTD. (7649.T) resolved today to distribute restricted shares to its executives and certain group company directors on June 15, 2026.
The distribution involves 34,219 ordinary shares valued at ¥1,000 per share, totaling ¥34,219,000. Recipients include three non-outsider directors, nine executive officers, and 33 group company directors who are not concurrently serving as company directors or executives. This move aims to incentivize long-term value creation among recipients and enhance alignment with shareholders' interests.
Under the restricted stock award program approved in previous meetings, recipients must hold the shares until their departure from respective positions within the company or group companies. Any premature departure due to valid reasons allows partial lifting of restrictions based on tenure served. Additionally, the company will manage these shares through a dedicated account at Nomura Securities to ensure compliance with restriction conditions.
Upon expiration of the holding period or upon meeting specific criteria, the remaining shares will be acquired by Sugi Holdings.
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