TOKYO, May 21 (Pulse News Wire) – Yokowo CO.,LTD. (6800.T) decided at its board meeting today to introduce a restricted share compensation plan aimed at incentivizing directors to enhance the company's long-term value and align interests with shareholders.
The plan will be presented for shareholder approval at the upcoming annual general meeting scheduled for June 26, 2026. Under the proposed scheme, eligible directors will receive restricted shares based on monetary awards within an annual limit of up to ¥2.8 billion, excluding external director remuneration which will be capped at ¥600 million annually. Additionally, the company plans to eliminate existing stock option grants and instead allocate restricted shares worth up to ¥500 million per annum to eligible directors.
Key features of the restricted share plan include a vesting period during which recipients cannot sell, pledge, or gift their shares without valid reasons. Shares will vest fully upon continued service until the next regular shareholders' meeting or be forfeited if the recipient leaves the company prematurely. In case of significant organizational changes such as mergers or spin-offs, the company reserves the right to adjust vesting conditions and reclaim unvested shares.
The company also intends to extend similar restricted share arrangements to its executive officers and directors post the annual meeting.
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