Taihei Machinery Works Grants Restricted Stock Awards to Executives

TOKYO, Jun 25 (Pulse News Wire) – Taihei Machinery Works,limited (6342.NG) resolved to grant restricted stock awards to its executives and senior officers through a self-share issuance. The company's board of directors approved the distribution of ordinary shares worth a total of June 25, 2026 yen per share, totaling ¥27.1 million, on July 24, 2026.

Key details include: - Distribution date: July 24, 2026 - Ordinary shares distributed: 10,190 - Price per share: ¥2,663 - Number of directors receiving shares: 5, with 7,088 shares allocated - Senior officer receiving shares: 1, with 368 shares allocated - Audit committee members receiving shares: 3, with 1,683 shares allocated The purpose of these grants is to incentivize long-term value creation and align interests with shareholders. Additionally, the company introduced a similar program for senior executives and its subsidiary, Taihei Housing Co., Ltd., which granted restricted stock awards to one director on June 11, 2026.

Under the agreement, recipients cannot sell or pledge their shares until they resign from their positions or complete their service term ending March 2027. Shares will be managed in special accounts at Daiwa Securities Co., Ltd., during the restriction period.