Nippon Kayaku Co., Ltd.
Notice on the Disposal of Treasury Stock as Restricted Stock for the Employee Stock Ownership Plan
Resolved to dispose of restricted stock via the employee stock ownership plan. The maximum number of shares disposed is 56,500 shares, the disposal price is 2,065 yen per share, with a due date of 2026-10-21. Dilution is expected to be 0.04%, and the grant agreement period is 2026-10-21 to 2029-11-09. The objective is to enhance employee wealth formation and incentivize improved corporate value.
Key Figures
- Disposal shares: 56,500 shares
- Disposal price: 2,065 yen
- Disposal total amount: 116,672,500 yen
AI要約
Overview and purpose of the program
Nihon Kagaku Yakuhin implements an incentive program that grants restricted stock through the employee stock ownership plan to support wealth formation for targeted employees and sustainable enhancement of corporate value. Contributions of a special incentive fund are made to the fund and the stock is issued and disposed as in-kind contributions.
Grant agreement and governance/regulation
The lock-up period for restricted stock is from October 21, 2026 to November 9, 2029. The removal of transfer restrictions requires the employee to be a member at the time of expiration, with details on handling upon withdrawal, free acquisition, and stock management. The grant agreement is executed through this employee stock ownership plan, and the handling of transfer restrictions is also defined in the context of organizational restructuring.
Nihon Kagaku Yakuhin Kabushiki Kaisha
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