TOKYO, Mar 13 (Pulse News Wire) – Taiyo Kisokogyo CO.,LTD. (1758.T) resolved at its board meeting held, to expand its restricted share award program to include executive officers.
The revised program will be presented for shareholder approval at the 59th Annual General Meeting scheduled for April 23, 2026. Under the existing program established last year, eligible recipients included directors excluding audit committee members and outside directors. The expansion now includes executive officers. The restriction period for shares awarded under the program will extend until the recipient leaves either their director or executive officer position.
This initiative aims to enhance long-term corporate value and promote greater alignment with shareholders' interests. In the previous fiscal year, the company introduced the program targeting directors excluding certain categories, and it plans to further strengthen the program by incorporating executive officers. In addition, the company seeks shareholder approval to revise the restriction period from the grant date to the date of departure from any director or executive role. Other necessary adjustments related to the lifting of restrictions and handling upon departure will also be considered.
If approved, similar changes will apply to previously granted restricted shares.
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