Source disclosure: February 24, 2026
THE PACK CORPORATION [3950.T]
TOKYO, Feb 24 (Pulse News Wire) – The Pack Corporation (3950.T) announced today that its board of directors held, revised the compensation plan involving restricted shares for executives. The changes aim to align executive interests more closely with shareholder value and enhance their commitment to increasing stock prices and corporate worth.
The amendments will be presented for approval at the upcoming 74th Annual General Meeting scheduled for March 26, 2026. Key modifications include raising the annual monetary reward cap from ¥30 million to ¥100 million. Additionally, the total number of ordinary shares issuable under the scheme now has an upper limit of 80,000 shares per year. Previously, there was no such restriction.
Furthermore, the scope of eligible recipients has expanded to include external directors alongside regular directors. Under the existing framework, restricted shares cannot be transferred, pledged, or otherwise disposed of during a predetermined holding period ranging from three to 25 years. Upon leaving office prematurely without valid reasons, former executives forfeit their allocated shares back to the company. However, continuous service throughout the restriction period leads to automatic lifting of restrictions upon expiration.
Exceptions apply in cases of mergers or significant organizational restructuring approved by either the board or shareholders.
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