TAKADAKIKO(Steel Construction)CO.,LTD. [5923.T]
TOKYO, Jun 26 (Pulse News Wire) – Takadakiko(steel Construction)co.,ltd. (5923.T) announced that its board of directors held on June 26 approved the distribution of restricted shares as part of executive compensation.
The company plans to distribute ordinary shares worth ¥1,102 per share, totaling ¥23.4 million, to four directors and six executives on July 24, 2026. This move aims to enhance long-term corporate value and promote greater alignment with shareholders. As part of the incentive program, monthly cash bonuses for directors and senior executives have been partially reduced, with equivalent amounts allocated towards restricted stock awards.
The restricted period begins on the payment date, July 24, 2026, and ends upon the director's or executive’s departure from their respective roles within the same fiscal year or half-year report submission deadline. Additionally, the company entered into individual award agreements with recipients outlining conditions such as restrictions on transferring or securing collateral rights during the holding period until the end of service. Shares will be managed through a dedicated account at Daiwa Securities throughout the restriction period.
Upon completion of the designated service period, the restriction will be lifted, allowing for unrestricted trading of the awarded shares.
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