TOKYO, Apr 24 (Pulse News Wire) – SYNCLAYER INC. (1724.T) announced today that its board of directors approved the disposal of restricted shares as part of its incentive program aimed at enhancing executive motivation and aligning interests with shareholders.
The disposal, set for May 22, involves distributing ordinary shares valued at ¥718 per share to four non-audit committee directors and one subsidiary director. The total value of the transaction is ¥5.2 million. Under the restricted stock award system introduced in February 2021, executives receive equity awards tied to performance criteria and subject to vesting conditions. The awards consist of cash compensation bonds worth ¥5.2 million (including ¥4.6 million for directors) and ordinary shares totaling 7,300 (with 6,400 shares allocated to directors).
The shares will be managed through a special account at Nomura Securities during the restriction period from May 22, 2026, to March 20, 2028. The agreement stipulates that restrictions will lift upon continuous service until the end of the restriction period or earlier due to retirement or resignation under valid reasons. In case of termination without lifting restrictions, the company retains the right to acquire such shares. Additionally, the agreement includes provisions for handling organizational restructuring events during the restriction period.
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