TOKYO, Apr 14 (Pulse News Wire) – Tokyo Soir CO.,LTD. (8040.T) resolved to distribute restricted shares as part of its equity compensation program during a board meeting held.
The distribution will take place on May 13, 2026, involving ordinary shares worth ¥1,078 per share, totaling ¥18.8 million. The shares will be allocated to nine non-executive directors and executive officers who have contributed significantly to the company's performance since March 30, 2021. The purpose of this distribution is to align executives' interests with those of shareholders by ensuring they share in stock price fluctuations. This initiative aims to enhance their commitment to increasing shareholder value and improving corporate performance.
Each recipient’s allocation amount was determined based on their individual contributions and overall performance within the company. The restricted shares come with a lock-up period from May 13, 2026, to May 12, 2056. During this period, recipients cannot transfer, pledge, or gift these shares without approval from the company. Upon completion of the lock-up term, the restrictions will be lifted if the recipients remain in their respective roles until the next scheduled general meeting of shareholders.
In case of resignation prior to the end of the lock-up period, the company reserves the right to reclaim a portion of the shares proportionate to the time served.
🟡 Confidence: Standard AI-translated content.