Chugoku Marine Paints, Ltd.
Notice on the Disposal of Treasury Stock as Restricted Stock Units
Disposal of treasury stock decided. Total cash compensation rights of 140,477,500 yen and 41,500 shares of common stock granted/disposed to 14 recipients. Restricted stock period from July 31, 2026 to July 30, 2056. Disposal price per share of 3,385 yen, with vesting conditions during the period including service tenure and continued duties, and provisions for handling during organizational restructuring.
Key Figures
- 41,500 shares
- 140,477,500 yen
- 3,385 yen/株
AI要約
Overview
The company, at today’s Board of Directors meeting, resolved the disposal of treasury stock as restricted stock units. The targets are 14 recipients, who will be granted/disposed 140,477,500 yen in cash reward rights and 41,500 shares. The restricted period runs from July 31, 2026 to July 30, 2056, with vesting conditions including continued service after the start of employment and other requirements.
Details and Impact
This program is implemented through Restricted Stock Allocation Agreements, with shares granted either free of charge or in-kind. The share price is determined based on the closing price on 2026-07-02 (3,385 yen). After vesting, the company may acquire the shares gratuitously. The aim is to enhance talent motivation and share long-term value with shareholders.
中國塗料株式會社
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