TOKYO, Apr 20 (Pulse News Wire) – Toagosei CO.,LTD. (4045.T) announced today that its board of directors has approved the distribution of restricted shares as part of its long-term incentive program.
The company will issue ordinary shares worth ¥137.0 million on May 20, 2026, to four directors, one senior executive officer, 16 executives, two fellows, and two subsidiary directors. Each share will be priced at ¥1,802. Under the restricted stock award agreement, recipients cannot sell or pledge their shares until they lose their positions as directors, executive officers, or fellows.
The restrictions will lapse upon continuous service through December 2026 or earlier due to certain conditions such as death or resignation. Additionally, the company reserves the right to repurchase the shares without compensation once the restriction period ends. This initiative aims to align executives' interests with shareholder value and promote sustained growth in the company's long-term enterprise value.
The awards are based on cash compensation bonds totaling ¥137.0 million previously granted to eligible individuals according to the company’s restricted stock grant system introduced in January 2020.
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