TOKYO, Apr 15 (Pulse News Wire) – Toyokumo,inc. (4058.T) resolved at its board meeting held on April 15 to distribute restricted shares as part of its stock compensation program.
The distribution will take place on May 14, 2026, involving 1,000,000 ordinary shares at a price of ¥1,000 per share, totaling ¥1,000,000,000. The shares will be allocated to five executives and six employees who meet certain criteria, including continuous service during the restriction period. Under the program, which was approved at the company's 15th regular shareholders' meeting on March 25, 2025, the restricted shares cannot be transferred until the recipient ceases their position with the company or its subsidiaries.
The restrictions will lapse upon completion of a two-year service period post-share issuance, subject to exceptions for death or other valid reasons recognized by the board. In addition, the company plans to manage these restricted shares through a dedicated account at Nomura Securities to ensure compliance with the transfer limitations. Should the company undergo significant organizational changes such as mergers or spin-offs during the restriction period, the board reserves the right to lift restrictions on a pro-rata basis based on the duration of employment within the defined period.
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