TOKYO, Jun 25 (Pulse News Wire) – Titan Kogyo,ltd. (4098.T) announced today that its board of directors resolved to distribute restricted shares as part of an incentive program aimed at enhancing long-term corporate value and aligning executive interests with shareholder returns.
The distribution will take place on July 24, 2026, involving ordinary shares worth approximately ¥7.1 million distributed among five executives. Each share will be priced at ¥997 per share based on the closing price of the company's stock on the Tokyo Stock Exchange on June 24, 2026. Under the restricted share plan, executives will hold these shares until their tenure ends, with restrictions lifted upon continuous service through March 2027.
In case of early termination due to death or other valid reasons recognized by the board, partial lifting of restrictions will apply proportionally to the duration served. Additionally, the shares will be managed in special accounts opened at Daiwa Securities Group Inc. during the restriction period.
This initiative underscores Titan Kogyo’s commitment to fostering sustainable growth and ensuring alignment between management performance and shareholder interests.
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