VITAL KSK HOLDINGS,INC. [3151.T]
TOKYO, Jun 25 (Pulse News Wire) – Vital KSK Holdings,inc. (3151.T) announced today that its board of directors resolved to distribute restricted share awards as part of its performance-linked compensation plan.
The distribution involves 323 shares to an executive director and 14,000 shares to subsidiary directors, totaling 21,708 shares to subsidiary employees. Each share will be priced at ¥1,551, resulting in a total value of ¥53.7 million. The shares will be transferred on July 24, 2026, subject to vesting conditions tied to performance metrics set by the board during the fiscal year ending March 31, 2026.
Under the performance-based compensation scheme approved in June 2023, eligible directors and executives receive stock grants based on their achievement of predefined performance goals. The company also noted that the distribution price was determined as the simple average closing price of its ordinary shares on the Tokyo Stock Exchange over the month preceding the board's resolution date, ensuring a fair valuation. In addition, the company highlighted that the restricted shares cannot be sold or transferred until July 1, 2027, or upon resignation or retirement from management positions within the same period.
Any unvested shares will revert to the company without compensation if the recipient leaves their position early.
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