Japan Process Development Co., Ltd.
Announcement of Treasury Stock Acquisition as Stock-Based Compensation with Transfer Restriction
Disposition of treasury stock as transfer-restricted stock-based compensation. For four targeted executives, 12,368 shares allocated with payment due date 2026/10/6, total amount 24,995,728 yen. Transfer restriction period until the retirement date,解除条件 is continued service during the applicable period. Issue price equals the latest one-month closing average of 2,021 yen.
Key Figures
- 12,368 shares
- 2,021 yen
- 24,995,728 yen
AI要約
Overview of the disposition
At today’s Board of Directors meeting, resolution to dispose of treasury stock as transfer-restricted stock-based compensation. Disposed shares: 12,368; payment due date: 2026-10-06; disposal price per share: 2,021 yen; total amount: 24,995,728 yen. Targeted internal directors: 4, excluding outside directors.
Outline of contracts and conditions
Entered into a transfer-restricted stock allocation agreement, establishing conditions such as prohibition on transfer or pledge, and gratuitous acquisition terms. Transfer restriction period from the payment date to the retirement date, with termination conditioned on continued service during the service period. Upon expiration, transfer restrictions are lifted and any unlifted shares are acquired by the company at no cost. Provisions also cover treatment in the event of organizational restructuring.
Japan Process Development Co., Ltd.
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