Toyo Tire Corporation
Notice Regarding Disposal of Treasury Stock as Restricted Stock Compensation
Resolved to dispose of 16,804 shares of treasury stock at 3,762 yen per share, totaling 63,216,648 yen, as restricted stock compensation on April 24, 2026.
Key Figures
- Number of Shares Disposed: 16,804 shares (4 directors 8,278 shares, 8 executive officers 8,526 shares)
- Disposal Price: 3,762 yen per share (based on the closing price on March 26, 2026)
- Total Disposal Amount: 63,216,648 yen (including 31,141,836 yen for directors)
AI要約
Overview of Treasury Stock Disposal
TOYO TIRE Corporation resolved on April 24, 2026, to dispose of 16,804 shares of treasury stock at 3,762 yen per share, totaling 63,216,648 yen, as restricted stock compensation. The disposal recipients include 4 directors receiving 8,278 shares and 8 executive officers not concurrently serving as directors receiving 8,526 shares, based on the restricted stock compensation plan introduced in 2020.
Details and Purpose of the Restricted Stock Compensation Plan
This plan aims to provide medium- to long-term incentives and share value with shareholders, where applicable directors and others contribute monetary claims as in-kind contributions to acquire shares. The transfer restriction period lasts from the allotment date until shortly after resignation. During this period, shares cannot be transferred or pledged as collateral, and under certain conditions, the company may acquire the shares without compensation. Shares are managed in dedicated accounts by Nomura Securities, and provisions for treatment during corporate reorganizations are stipulated.
