Superbag Company,Limited [3945.T]
TOKYO, Jun 26 (Pulse News Wire) – Superbag Company,limited (3945.T) announced that its board of directors decided on June 26 to distribute restricted shares as executive compensation. The distribution will take place on July 17, 2026, involving 4 executives receiving a total of 2,722 ordinary shares at a price of ¥2,133 per share, totaling ¥5.8 million.
This decision follows the approval granted during the company's 87th Ordinary General Meeting held on June 27, 2024, which aimed to align executives' interests with those of shareholders by tying their compensation to stock performance. Each executive’s allocation was determined based on their contributions to the company. Under the agreement, the restricted shares cannot be transferred until the executives resign from their positions.
In case of resignation within the initial period leading up to the next annual general meeting, the company reserves the right to reclaim the shares without compensation. Additionally, the restrictions will lift upon completion of the designated tenure, allowing unrestricted trading of the shares. Furthermore, the company set the share price for this transaction based on the closing value of Superbag Co.'s ordinary shares on the Tokyo Stock Exchange on June 25, 2026, which was ¥2,133.
This valuation ensures fairness and avoids arbitrary pricing.
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