Tacmina to Distribute Restricted Shares to Executives

TOKYO, Jul 17 (Pulse News Wire) – TACMINA CORPORATION (6322.T) resolved to distribute restricted shares to four executives as part of a performance-based compensation plan. The distribution, set for August 6, involves transferring ordinary shares valued at ¥1,607 per share, totaling ¥23.0 million.

The shares will be granted based on a cash award of ¥23.0 million distributed to the executives, who will contribute these awards through equity investment. The restricted period for these shares spans from August 6, 2026, to August 5, 2076. During this time, the recipients cannot sell, pledge, or otherwise dispose of the shares without valid reasons recognized by the board. Upon completion of their tenure as directors until the next regular general meeting, the restrictions will lift, allowing free disposal of the shares.

Additionally, the company outlined conditions for early termination of restrictions due to resignation or organizational restructuring. In such cases, a portion of the shares may remain subject to restrictions depending on the duration of service and the nature of the departure. The shares will be managed through accounts designated by SMBC Nikko Securities. This move aims to incentivize long-term performance improvement and align executive interests with shareholder value.