The Yokohama Rubber Company, Limited [5101.T]
TOKYO, Apr 27 (Pulse News Wire) – The Yokohama Rubber Company,limited (5101.T) announced today that its board of directors has resolved to distribute restricted shares as part of its equity compensation program. The distribution will take place on May 22, 2026, involving 22,973 ordinary shares valued at ¥1,000 per share, totaling ¥22,973,000.
The shares will be allocated to five directors, fifteen executive officers, and twenty-one council members. Under the program, the restricted shares come with a holding period of up to thirty years, ensuring that executives align their interests with those of shareholders. The allocation amount for each individual is determined based on their contributions and overall performance.
Additionally, the company will manage these shares through SMBC Nikko Securities, requiring recipients to hold them in designated accounts until restrictions are lifted. In cases of organizational restructuring during the restriction period, such as mergers or spin-offs approved by the board or shareholders' meeting, the company reserves the right to lift restrictions early and acquire untransferred shares. This ensures alignment with strategic changes while maintaining long-term commitment to shareholder value.
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