Okayama Paper Industries Co., Ltd.
Notice of Disposal of Treasury Stock as Stock-based Compensation with Transfer Restrictions
As stock-based compensation with transfer restrictions, 6,900 shares are allocated to four directors as cash compensation rights, with total cash compensation rights of 10,681,200 yen, a transfer restriction period of 20 years, and the start of the period on 2026/10/1, with conditions for transfer restriction解除 at the end of the period.
Key Figures
- 6,900 shares: allocated shares
- 10,681,200 yen: total cash remuneration rights
- 1,548 yen: share price baseline (basis for disposal price)
AI要約
Outline of the system
The company has decided to implement a treasury stock allocation as stock-based compensation, paying cash remuneration rights to four directors and allocating transfer-restricted stock via in-kind contribution. The transfer restriction period is 20 years, and the four recipients are directors who are not Audit & Supervisory Committee members or outside directors.
Grant agreement and conditions
Details include the transfer restriction period for the allocated shares from 2026/10/1 to 2046/9/30, handling upon departure, conditions for解除 of transfer restrictions, treatment in case of organizational restructuring, and opening of stock management accounts.
Okayama Paper Industries Co., Ltd.
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