Wakou Shokuhin to Distribute Restricted Shares to Executives on July 23

TOKYO, Jun 24 (Pulse News Wire) – Wakou Shokuhin CO.,LTD. (2813.S) announced that it will distribute restricted shares to four executives on July 23, 2026.

The distribution will involve ordinary shares valued at ¥3,945 per share, totaling ¥5.5 million. The shares are part of a performance-based compensation plan aimed at incentivizing long-term value creation and aligning interests with shareholders. Under the plan, which was approved in May 2021, executives receive stock options tied to their performance, subject to vesting conditions.

The restrictions on these shares will remain in place until the executives complete their service period, which ends upon leaving their positions as directors. In case of misconduct during the restriction period, the company reserves the right to reclaim the shares without compensation. In addition, the company noted that the valuation of the shares is based on the closing price of Wakou Shokuhin's ordinary shares on the Tokyo Stock Exchange on June 23, 2026, ensuring fairness and transparency in the process.