TOKYO, Apr 15 (Pulse News Wire) – YoSonar Corporation (431A.T) announced today that its board of directors has approved the distribution of restricted shares as part of its incentive program aimed at enhancing long-term value creation and aligning interests among executives and shareholders. The distribution, set to occur on May 15, involves issuing ordinary shares worth a total of ¥75.3 million to five directors, 21 executive officers, and five employees.
Each share will be valued at ¥1,950 per share, based on the closing price of the company's stock on April 14, which was ¥1,950. Under the terms of the agreement, recipients will be prohibited from transferring or setting collateral rights on the shares until their respective positions within the company or subsidiaries are terminated.
Restrictions will lift upon completion of service during the fiscal year ending December 2026, allowing full transferability of the shares. In cases of early termination due to death or resignation, partial lifting of restrictions will apply proportionally to the months served.
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