WASEDA GAKUSHUKENKYUKAI CO.,LTD. [5869.T]
TOKYO, Apr 20 (Pulse News Wire) – Waseda Gakushukenkyukai CO.,LTD. (5869.T) announced today that its board of directors has approved the distribution of restricted shares to employees on April 20, 2026.
A total of 35,900 ordinary shares will be distributed, with each share valued at ¥1,325. The total value of the distribution is ¥47.6 million. This distribution is part of a performance-based equity compensation program introduced in March 2025 aimed at incentivizing employee contributions and fostering shared value creation with shareholders. Under this program, eligible employees will receive restricted shares subject to vesting conditions.
The shares will be managed through a dedicated account at Nomura Securities during the restriction period, which extends until May 25, 2036, or as determined by the board of directors. Employees who remain continuously employed in executive roles throughout their vesting period will have restrictions lifted upon completion. In cases of early retirement or termination due to valid reasons, restrictions will also be lifted immediately. Additionally, the company reserves the right to reclaim unrestricted shares if employees engage in illegal activities during the restriction period.
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