Takakita Grants Equity Compensation Options to Executives

TOKYO, Jun 25 (Pulse News Wire) – Takakita CO.,LTD. (6325.NG) announced that it has decided to grant equity compensation options, specifically stock appreciation rights (SARs), to five executives excluding audit committee members and outside directors.

The total number of SARs granted is 129, with each option allowing the recipient to purchase 100 shares of common stock at a predetermined price. The exercise period for these SARs will commence, and end on July 16, 2026.

The specific payment amount per share will be determined on July 15, 2026, based on a Black-Scholes model calculation using various parameters such as the stock price, volatility, risk-free interest rate, and dividend yield. In addition, the company stated that should the company undergo significant restructuring events such as mergers, spin-offs, or share exchanges, the treatment of these SARs would follow predefined conditions outlined in the announcement.

Any residual fractions less than one share resulting from the exercise of these options will be disregarded.