TOKYO, Apr 15 (Pulse News Wire) – Zenmu Tech (338A.T) announced today that its board of directors resolved to issue restricted shares as equity compensation. The issuance, scheduled for April 15, 2026, involves distributing ordinary shares worth a total of ¥9.8 million.
Each share will be priced at ¥2,462 per share, with 4,000 shares being allocated to two executive officers subject to vesting restrictions. The purpose of this issuance is to incentivize long-term value creation among executives while fostering greater alignment with shareholders' interests. The company also noted that the total monetary compensation payable to non-audit committee directors would be up to ¥30 million annually, while audit committee members would receive up to ¥20 million annually.
Following the issuance, Zenmu Tech's ordinary shares will be managed through a dedicated account at Okasan Securities Co., Ltd., ensuring compliance with the vesting conditions until May 14, 2026. Under the agreement, the restricted shares cannot be transferred, pledged, or otherwise disposed of by the recipients during the vesting period from April 15, 2026 to May 13, 2027. Exceptions apply if the recipient resigns due to reasons deemed legitimate by the board, such as health issues, caregiving responsibilities, or reaching retirement age.
Upon completion of the vesting period, the restrictions will be lifted, allowing unrestricted trading of the shares.
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