Takagi Seiko to Distribute Restricted Shares to Executives on July 24

TOKYO, Jun 24 (Pulse News Wire) – Takagi Seiko Corporation (4242.T) announced plans to distribute restricted shares to executives on July 24, 2026. The distribution involves ordinary shares totaling 8,400 at a price of ¥1,775 per share, resulting in a total value of ¥14.9 million.

The shares will be allocated to four directors and six executive officers who are not directors, amounting to 4,300 shares in total. This move follows the company's decision in May 2019 to introduce a restricted stock award system aimed at incentivizing sustained corporate value growth and enhancing shareholder alignment. Under this system, directors receive equity awards based on their performance, subject to restrictions on sale until three years post-grant or upon leaving their positions.

The company also extends similar benefits to non-director executive officers. In the latest resolution, the board decided to grant cash compensation bonds worth ¥14.9 million to the targeted executives, which will be converted into ordinary shares valued at ¥1,775 per share, reflecting fair market conditions on June 23, 2026. These shares come with restrictions prohibiting transfers until July 24, 2026, or until the recipients cease serving in their respective roles.

Additionally, the company retains the right to repurchase untransferred shares at the end of the restriction period.