Toyo Tire Corporation [5105.T]
TOKYO, Mar 27 (Pulse News Wire) – Toyo Tire Corporation (5105.T) resolved to distribute restricted shares worth over ¥1 billion to its executives during a board meeting held . The distribution is set to take place on April 24, 2026.
Under the new share-based compensation program introduced in February 2026, the company plans to issue ordinary shares valued at ¥1,000 per share to 12 executives, totaling 16,804 shares. Of these, 12,804 shares will go to non-outsider directors while 4,000 shares will be distributed among non-executive officers who also serve as directors. The purpose of this initiative is to enhance long-term incentives for key management personnel and align their interests more closely with those of shareholders.
Each recipient's share allocation is based on their responsibilities and performance, ensuring fair distribution within the annual cap approved by shareholders in previous meetings. Additionally, the shares come with restrictions prohibiting transfers until the recipients retire or leave their positions due to legitimate reasons such as reaching retirement age or death. Any shares remaining under restriction beyond this period will revert to the company without compensation.
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