Toenec to Distribute Restricted Shares to Executives on Aug 21

TOKYO, Jul 22 (Pulse News Wire) – TOENEC CORPORATION (1946.NG) resolved to distribute restricted shares to executives on July 21, 2026, according to a resolution made during a board meeting held . The distribution involves 11,280 ordinary shares, with each share valued at July 22, 2026.

The total amount of the distribution is August 21, 2026. The shares will be distributed among four directors and 29 executive officers who do not hold director positions.

This distribution is part of a compensation program introduced in April 2022 aimed at incentivizing long-term value creation and fostering greater alignment with shareholders. Under this program, executives receive restricted stock awards based on their performance, subject to vesting conditions tied to continued service with the company.

The restricted period ends upon the executives' departure from designated roles within the company.