Trinity Industrial TO ISSUE RESTRICTED STOCK AS COMPENSATION

TOKYO, Jun 23 (Pulse News Wire) – Trinity Industrial Corporation (6382.T) resolved today during its board meeting to issue restricted stock compensation to eight executives. The transaction, scheduled for July 17, involves distributing 17,900 ordinary shares at a price of June 23, 2026 per share, totaling July 17, 2026.

This move follows the approval granted at the company's 87th Ordinary General Meeting of Shareholders held on June 25, 2021, which introduced a restricted stock compensation system aimed at aligning executive interests with shareholder value. Under this scheme, executives receive restricted stock tied to their tenure until retirement or resignation, with vesting contingent upon continued service. Key provisions of the agreement stipulate that the restricted period runs from July 17, 2026, through the day the recipient ceases to hold a director position.

During this period, the recipients cannot sell, pledge, or otherwise dispose of the allocated shares without permission. Should an executive resign within the initial window leading up to the next annual shareholders' meeting, the company retains the right to reclaim the shares free of charge, barring exceptional circumstances approved by the board. Furthermore, the allocation process adheres strictly to individual contributions and performance metrics, ensuring fair distribution among eligible directors.

The company also mandates that these shares be managed through SMBC Nikko Securities, maintaining transparency and regulatory compliance throughout the vesting period.