Zenhoren Approves Restricted Share Awards for Executives and Directors

TOKYO, Jun 24 (Pulse News Wire) – Zenhoren CO.,LTD. (5845.T) announced today that its board of directors approved restricted share awards totaling ¥105.7 million for seven internal directors and three audit committee members.

The shares will be distributed based on performance evaluations and contributions made during the fiscal year ending June 2027. Key details of the award distribution include: - Payment date: July 15, 2026 - Number of ordinary shares: 106,249 - Price per share: ¥995 Additionally, the company's four executive officers will also receive restricted share awards totaling ¥5.2 million. These awards are part of the company’s broader strategy to align executive compensation with shareholder interests and enhance long-term value creation. The restricted shares come with conditions such as holding periods and restrictions on transferring shares until certain milestones are met.

For instance, internal directors and executives must retain their positions through the next annual shareholders' meeting to fully vest in their shares. Any shares not vested due to early departure will revert to the company without compensation. Furthermore, the company outlined procedures for managing these shares, requiring recipients to hold the shares in designated accounts at Mitsubishi UFJ securities firms until the restrictions are lifted. In cases of organizational restructuring involving mergers or acquisitions, additional provisions apply to ensure alignment with corporate governance principles.