TOKYO, Apr 16 (Pulse News Wire) – Tadano Ltd. (6395.T) resolved today to issue restricted share awards to its executives and directors as part of its long-term incentive program.
The company's board meeting held on April 16 approved the issuance of ordinary shares worth approximately ¥1.1 billion to two directors and thirteen executive officers. The shares will be transferred on May 14, 2026, with each share valued at ¥180,000. Under the restricted share award system, recipients cannot sell or pledge their shares until they either resign from their positions or complete their service period. For directors, the restriction period ends at the next annual general meeting following the payment date, while for executive officers, it lasts through December 31 of the same year.
In case of resignation due to death or other valid reasons during the service period, partial lifting of restrictions applies based on the duration of service completed. Additionally, Tadano will manage these restricted shares in dedicated accounts opened at Daiwa Securities Co., Ltd. throughout the restriction period. Upon expiration of the restriction period, Tadano reserves the right to acquire any untransferred shares without compensation.
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