WATANABE SATO CO.,LTD. [1807.T]
TOKYO, Jun 25 (Pulse News Wire) – Watanabe Sato CO.,LTD. (1807.T) announced that it will distribute restricted shares to executives on July 24, 2026.
The distribution involves 12,517 ordinary shares at a price of June 25, 2026 per share, totaling July 24, 2026. This move aims to enhance executive motivation and align their interests with those of shareholders. The restricted shares will be subject to a 30-year holding period from July 24, 2026, to July 23, 2056. During this period, the shares cannot be transferred or used as collateral without approval.
Executives who retire due to normal reasons during the restriction period will have their restrictions lifted immediately upon retirement. In case of organizational restructuring, such as mergers or spin-offs, approved by the board, the restrictions will also be lifted accordingly. The distribution follows a compensation plan introduced in April 2021 aimed at incentivizing long-term value creation among executives. Shareholders approved the issuance of restricted shares based on monetary rewards up to 40 million yen annually.
🟡 Confidence: Standard AI-translated content.