The Bank Of Nagoya Nagoya Bank to Distribute Restricted Shares to Executives on July 23

TOKYO, Jun 26 (Pulse News Wire) – The Bank Of Nagoya,ltd. (8522.NG) resolved to distribute restricted shares as part of its stock compensation program during its board meeting held today.

The distribution will take place on July 23, 2026, involving 4,032 ordinary shares for five directors and 1,000 shares for thirteen executive officers, priced at ¥5,890 per share, totaling ¥61.8 million. This initiative aims to incentivize long-term value creation and enhance shareholder alignment. Directors and executives will hold these shares until their positions terminate, subject to restrictions preventing transfers or pledges within the designated period.

Upon completion of the restriction period or resignation prior to the next annual general meeting, shares may be forfeited without compensation unless approved by the board for valid reasons. In addition, the bank outlined detailed conditions for managing these shares, including mandatory storage with SMBC Nikko Securities and provisions for handling organizational restructuring events. The valuation basis for the share price was set at the closing price on the Tokyo Stock Exchange on the day preceding the board resolution, ensuring a fair and non-preferential rate.