Toyo Denki Seizo K.K.
Notice of Share Buyback and Treasury Stock Issuance Related to Restricted Stock Compensation
Resolved to dispose treasury stock under the restricted stock compensation system. Targets are 19 internal directors and executives, total cash claim 14,370,752 yen, shares 6,028, disposal price 2,384 yen per share. Disposal date is 2026-10-09, restricted period until immediately after retirement, with potential for解除 (解除) and free acquisition under certain conditions.
Key Figures
- Disposal allocated shares: 6,028 shares
- Total cash claim: 14,370,752 yen
- Disposal price: 2,384 yen/share
AI要約
Overview of the system
This notice explains the establishment of a restricted stock compensation system, and the decision to issue or dispose of the company’s ordinary shares by providing cash claims to eligible directors and executives, either in cash or for free. It outlines details such as the formation of a restricted stock option agreement, transfer restrictions on allocated shares, terms for free acquisition, and management methods.
Conditions and impact of share disposal
Disposal targets consist of five internal directors (excluding outside directors) and fourteen executive officers, totaling 19 persons, with 6,028 shares and 14,370,752 yen in total, at 2,384 yen per share. The transfer restriction period runs from 2026-10-09 until immediately after retirement. There are also terms for解除 of transfer restrictions if duties end during the service period, handling in case of organizational changes, and gratuitous acquisition in case of legal violations.
Toyo Electric Manufacturing Co., Ltd.
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