TOKYO, Jun 16 (Pulse News Wire) – Yamato Corporation (1967.T) announced today that its board of directors has approved the distribution of restricted shares to seven executives on July 14, 2026. The shares, totaling 10,962 ordinary shares, will be distributed at a price of ¥2,027 per share, resulting in a total value of ¥22.2 million.
This move aims to enhance executive motivation and promote greater alignment with shareholder interests. Under the restricted stock award program introduced in May 14, 2025, executives received monetary compensation totaling ¥22.2 million and were granted up to 10,962 ordinary shares annually. The restricted shares will be subject to a lock-up period until July 13, 2056, during which time transfers to third parties will be prohibited.
Executives who remain in their positions throughout the lock-up period will have restrictions lifted upon expiration. In cases of resignation due to normal retirement or other legitimate reasons, the number of shares eligible for unrestricted transfer will be determined based on the duration of service. Additionally, Yamato retains the right to acquire any untransferred shares free of charge at the end of the lock-up period or upon termination conditions outlined in the agreement.
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