ZOA to Distribute Restricted Shares to Executives on July 24

TOKYO, Jun 26 (Pulse News Wire) – ZOA Corporation (3375.T) announced that it will distribute restricted shares to executives on July 24, 2026. The distribution involves ordinary shares worth a total of 4.0 million based on a price per share of ¥1,620.

This move is part of the company's long-term incentive program aimed at aligning executive interests with shareholder value. Under this scheme, introduced in 2018 and revised in 2022, executives receive restricted shares in exchange for cash compensation within their annual remuneration limit of ¥200 million.

The restrictions on these shares last for 15 years, allowing for gradual vesting upon retirement or resignation. The upcoming distribution follows the approval of the 45th fiscal year’s restricted stock award program during a recent board meeting.

The shares will be managed through a dedicated account at Nomura Securities to ensure compliance with restriction conditions until the end of the vesting period.