TOW Co.,Ltd.
Notice Regarding Disposal of Treasury Stock as Restricted Stock Compensation
A resolution was passed to dispose of treasury stock under a restricted stock compensation plan. Eligible recipients include directors, executive officers, employees and related parties of subsidiaries. 433,000 shares will be disposed/allocated at a disposal price of 400 yen per share. The transfer restriction period is from November 13, 2026 to June 30, 2029. The shares will be treated as specific restricted stock through contribution in kind.
Key Figures
- Number of shares to be disposed: 433,000 shares
- Disposal price: 400 yen/share
- Total amount: 173,200,000 yen
AI要約
Overview of Implementation of This Plan
The Company resolved to implement a disposal of treasury stock by granting allocated shares to eligible recipients using monetary claim rights as the contributed assets under the restricted stock compensation plan. The recipients include directors, executive officers, employees, and officers and employees of subsidiaries. The allocated shares total 433,000 shares, the total disposal amount is 173,200,000 yen, and the disposal will be at 400 yen per share. The transfer restriction period is approximately 2 years and 8 months from November 13, 2026 to June 30, 2029.
Conditions for Lifting Transfer Restrictions and Forfeiture Without Compensation
Transfer restrictions will be lifted at the expiry if the recipient has continuously remained in office during the restriction period. If a recipient resigns or retires in part, the number of shares for which restrictions are lifted will be calculated conditionally and lifted accordingly. If a recipient resigns or otherwise leaves before the expiry, the shares will be forfeited without compensation, and the same treatment applies in the event of organizational restructuring.
TOW Co.,Ltd.
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