YAMASHIN-FILTER CORP. [6240.T]
TOKYO, Jun 24 (Pulse News Wire) – Yamashin-Filter Corp. (6240.T) resolved to repurpose shares acquired through a share buyback program as restricted stock awards for executives and eligible employees.
The resolution was made during a board meeting held . Under the plan, 1,000,000 ordinary shares will be distributed on July 21, 2026, at a price of ¥1,000 per share, totaling ¥1,000,000,000. The shares will be allocated among four directors and 54 employees holding specific positions within the company. The distribution aligns with the company's long-term incentive scheme aimed at enhancing sustained corporate value.
The restricted stock awards come with vesting conditions tied to continued employment. Directors' shares will be subject to a restriction period from July 21, 2026, to July 20, 2056. Employees’ shares will remain restricted until their departure from designated roles, with special provisions for early retirement or termination due to valid reasons. This initiative builds upon previous resolutions to implement a performance-linked compensation structure, approved by shareholders in June 2025.
The move underscores Yamashin-Filter’s commitment to fostering alignment between executive interests and shareholder returns while reinforcing management stability and employee motivation.
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