Yamato Kogyo Approves Restricted Share Award Plan

TOKYO, Jun 26 (Pulse News Wire) – Yamato Kogyo CO.,LTD. (5444.T) announced that its board of directors approved a restricted share award plan .

Under the plan, the company will distribute ordinary shares worth ¥1,000 per share to executives and subsidiary directors. A total of 1,000 shares will be distributed to one executive and 1,000 shares to four subsidiary directors. Payment for these shares is scheduled for July 24, 2026. The awards are intended to serve as restricted stock compensation for the period from July 1, 2026, to June 30, 2027.

Each recipient must hold the shares until their designated position within the company or subsidiaries is vacated due to retirement or resignation. Any shares not transferred upon leaving the position will be forfeited to the company without compensation. Additionally, the company outlined conditions for lifting restrictions on the shares, such as continued employment through June 30, 2027, or in cases of early departure based on valid reasons, partial forfeiture of shares will apply. Shares will also be subject to adjustments in case of significant organizational changes during the restriction period.