TOKYO, Mar 23 (Pulse News Wire) – THK CO.,LTD. (6481.T) announced that its board of directors, held on March 20, 2026, approved the distribution of restricted shares as part of its incentive program aimed at enhancing long-term value creation and fostering greater alignment with shareholders.
Under this program, THK plans to distribute ordinary shares worth up to ¥1.489 billion to 20 executives, excluding audit committee members and outside directors. The distribution will take place on April 17, 2026, with each share valued at ¥1,000. The total amount distributed will be ¥1,000 per share multiplied by the number of shares allocated.
The restricted shares come with conditions prohibiting their sale or transfer until certain performance criteria are met. Specifically, the restriction period ends upon the executive's departure from their position, subject to meeting continuous service requirements during the vesting period. In addition, THK will acquire the remaining unvested shares free of charge if an executive violates laws or regulations during the restriction period.
The company also reserves the right to reclaim shares if organizational restructuring occurs within the same timeframe.
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