TOKYO, Apr 13 (Pulse News Wire) – Tazmo CO.,LTD. (6266.T) resolved to distribute restricted stock awards to its executives as compensation.
The distribution will take place on May 12, 2026, involving the issuance of 9,272 ordinary shares at a price of ¥2,577 per share, totaling ¥23.9 million. The restricted stock awards are intended to align executive performance with shareholder interests and enhance long-term profitability. Under the program, five named directors will receive a total of 9,272 ordinary shares and ¥23.9 million in cash equivalents. The restricted period lasts until the directors either resign or retire from their positions within Tazmo CO.,LTD. or its subsidiaries.
During the restriction period, the awarded shares cannot be transferred, pledged, or otherwise disposed of without approval. In case of violation of laws or failure to meet set performance criteria, TAZMO reserves the right to reclaim the shares. Shares managed through Nomura Securities will ensure compliance with restrictions during the holding period. The valuation of the distributed shares was determined based on the closing price of TAZMO's ordinary shares on the Tokyo Stock Exchange Prime Market on April 10, 2026, which was ¥2,577. This price reflects a fair and non-favorable value immediately preceding the board resolution.
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