TOKYO, Mar 25 (Pulse News Wire) – YRGLM Inc. (3690.T) announced today that its board of directors resolved to dispose of restricted shares as part of its share-based compensation program.
The disposal will take place on April 27, involving 66,300 ordinary shares at a price of ¥558 per share, totaling ¥37.0 million. The shares will be transferred to two subsidiary executives. The purpose of this disposal is to enhance motivation among key executives while aligning their interests with those of shareholders. Under the company's incentive program introduced in November 2017, executives receive restricted stock awards based on monetary compensation. The restrictions on these shares last for either three or five years, depending on individual roles and responsibilities.
Details of the agreement include a restriction period from April 27, 2026 to April 26, 2028, with conditions allowing for the lifting of restrictions upon continued service in designated positions during the restriction period. In case of resignation or retirement due to reasons other than death, the restrictions will be lifted immediately following the departure. Should the executive pass away, the company’s board will determine the timing for lifting restrictions. Additionally, the company will acquire any unreleased shares free of charge once the restriction period ends or upon termination of employment. The shares will be managed through a dedicated account at Nomura Securities to ensure compliance with the restrictions.
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