TOKYO OHKA KOGYO CO.,LTD. [4186.T]
TOKYO, Apr 03 (Pulse News Wire) – Tokyo Ohka Kogyo CO.,LTD. (4186.T) resolved today to grant restricted shares as part of its stock compensation program.
The company will distribute 22,615 ordinary shares among executives and employees on May 01, 2026, at a price of ¥1 per share, totaling ¥22,615. The shares will be subject to restrictions until May 01, 2056, ensuring long-term equity holding and aligning interests with shareholders. Under the newly introduced restricted stock award system, eligible recipients must hold their allocated shares for a minimum of 30 years to avoid penalties.
In case of retirement due to normal reasons during the restriction period, the shares will be released based on tenure. Should the recipient pass away, the restrictions will also be lifted immediately upon confirmation of death. The shares will be managed through a dedicated account at Nomura Securities to ensure compliance with the restrictions.
Additionally, the company retains the right to acquire untransferred shares free of charge upon expiration of the restriction period or upon certain conditions such as organizational restructuring approved by the board.
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