TOKYO, May 07 (Pulse News Wire) – User Local,inc. (3984.T) announced today that its board of directors has approved the issuance of restricted shares to 63 employees as part of an incentive program aimed at enhancing long-term value creation and fostering greater alignment with shareholders.
The restricted share allocation will take place on June 09, 2026, with each share valued at ¥1,540 based on the closing price of the company's ordinary shares on May 01, 2026. A total of [NUM_7] shares will be distributed, representing a total value of [NUM_1]. Under the agreement, employees will hold four equal portions of their allocated shares subject to restrictions until 2027, 2028, 2029, and 2030 respectively. These restrictions will be lifted upon continuous employment with the company or its subsidiaries during the respective restriction periods.
In case of death or disability leading to inability to perform duties, partial lifting of restrictions will occur based on the employee’s service period. Additionally, the company retains the right to acquire any unreleased shares free of charge once the restrictions expire. During the restriction period, the shares will be managed through a dedicated account set up with Nomura Securities Co., Ltd. to prevent unauthorized transfers or pledges.
This initiative underscores User Local's commitment to aligning employee interests with shareholder value and promoting sustained growth.
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