TOKYO, Jun 19 (Pulse News Wire) – TS Tech CO.,LTD. (7313.T) resolved to distribute restricted shares on July 10, 2026, according to a recent board meeting held.
The distribution involves 48,760 ordinary shares valued at ¥1,729 per share, totaling ¥84.3 million. This move follows decisions made during previous meetings on December 24, 2020, and May 21, 2021, aimed at incentivizing non-outsider directors and executive officers without director roles through a restricted stock compensation plan. Under this scheme, eligible recipients contribute their cash-based compensation towards acquiring company shares subject to certain holding periods.
Eligible recipients include five directors, eight executive officers without director roles, three domestic subsidiary executives, and seven executive officers without director roles in subsidiaries. The shares will be managed in dedicated accounts at Nomura Securities until the end of the restriction period, which ends upon resignation or retirement from respective positions, barring exceptional circumstances such as death or forced termination. In addition, the company plans to expand its incentive program to cover more employees starting from 2025.
The total monetary compensation contributed by eligible recipients amounts to ¥84.3 million.
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