TOKYO, Jun 26 (Pulse News Wire) – The Lead Co.,inc. (6982.F) announced today that its board of directors approved a share repurchase plan involving restricted shares for executives.
The transaction, set to take place on July 24, 2026, involves the issuance of ordinary shares worth ¥574 per share, totaling ¥6.2 million. Five directors and four executive officers will participate in the program, receiving a total of 10,800 shares. The purpose of this initiative is to align the interests of management with those of shareholders by ensuring they share in stock price fluctuations.
The company introduced this equity compensation scheme at its 90th regular general meeting held on June 29, 2023, setting annual monetary compensation limits within ¥30 million and restricting the number of allotted restricted shares to 12,500 per fiscal year. Under the agreement, the restricted shares cannot be transferred until the end of the restriction period, which runs from July 24, 2026 to the date of resignation or retirement from either directorship or executive positions. In case of early departure during this period, the company reserves the right to reclaim the shares without payment, except for valid reasons recognized by the board.
Upon completion of the restriction period, the restrictions will be lifted if the recipients remain in their respective roles up to the next scheduled general meeting.
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