TOKAI CARBON CO.,LTD. [5301.T]
TOKYO, Mar 27 (Pulse News Wire) – Tokai Carbon CO.,LTD. (5301.T) resolved to issue restricted stock compensation to five directors during its board meeting held today.
The company plans to distribute ordinary shares worth up to ¥949 per share, totaling ¥38.4 million. The distribution will occur on April 17, 2026, with the shares subject to a 30-year holding period. Under the newly introduced Restricted Stock Compensation System, directors will contribute monetary compensation bonds as capital contributions to acquire ordinary shares.
The issuance price will be based on the closing price of Tokai Carbon's ordinary shares on the Tokyo Stock Exchange on March 26, 2026, ensuring fairness and avoiding preferential treatment. The agreement also includes restrictions on transferring or securing collateral rights over the shares until the end of the restriction period. Should a director retire due to normal reasons during the restriction period, the number of shares eligible for unrestricted transfer will be calculated based on their tenure, with any remaining shares being acquired by the company.
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