TAKAMATSU MACHINERY CO.,LTD. [6155.T]
TOKYO, Jun 25 (Pulse News Wire) – Takamatsu Machinery CO.,LTD. (6155.T) decided to distribute restricted shares to five executives as part of its share-based compensation program.
The distribution will take place on July 22, 2026, involving 17,000 ordinary shares. The fair value of these shares was determined based on the closing price of Takamatsu Machinery's stock on June 23, 2026, which was ¥480. The total valuation amounted to ¥8.2 million. This decision follows the company’s resolution in May 2022 to introduce a restricted share-based incentive system aimed at enhancing long-term corporate value and fostering greater alignment with shareholders. The board also approved the issuance of up to 40,000 shares ordinary shares annually through this scheme, with a monetary limit of ¥40 million per annum.
Under the agreement, the restricted shares cannot be transferred until the executives resign or retire from their positions. Full lifting of restrictions requires continuous service as directors during the fiscal year immediately following the grant date. In case of resignation due to death or other valid reasons within this period, partial lifting of restrictions will apply based on the duration of service. The restricted shares will be managed in a dedicated account at Nomura Securities throughout the restriction period to prevent unauthorized transactions. Any organizational restructuring approved by the board during this time could lead to early removal of restrictions on a pro-rata basis.
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