Maruichi Steel Tube Ltd.
Notice on Share Buyback Related to Restricted Stock as Compensation for Directors and Other Executives
Resolved the disposal of treasury stock under a stock-based compensation system. Allocations of RS 275,200 shares and PSU 9,900 shares issued in-kind as contributed assets. Payment date: 2026-08-06, stock price: 1,931.5 yen per share. Allocations to 3 directors and a total of 105 executives including employees and subsidiary employees. The transfer restrictions are long-term (up to 50 years), and解除 conditions apply upon expiration or upon retirement/death with just cause.
Key Figures
- 275,200 shares: RS allocated shares
- 9,900 shares: PSU allocated shares
- 1,931.5 yen/share: amount per share paid
- 531,548,800 yen: total cash consideration
AI要約
Overview
Maruichi Steel Tube Co., Ltd. will execute a disposal of treasury stock related to the restricted stock compensation system (RS) and the performance stock compensation system (PSU) in accordance with a board resolution. For RS, three directors and a total of 105 participants comprising employees and subsidiary employees will have cash claims allocated as in-kind assets to shares. The payment date, number of shares, and amounts are as follows, with a total value of 531,548,800 yen. Shares amount to 275,200 (RS allocation) and 9,900 (PSU allocation) with a stock price of 1,931.5 yen per share. The transfer restriction period is long-term, with解除 conditions applying at expiration or upon departure or death for justified reasons.
Impact and Management Going Forward
This share buyback will have the shares placed in designated accounts managed by Daiwa Securities and Nomura Securities, with transfer restrictions and collateral arrangements prohibited during the restriction period. If specific events such as organizational changes occur,解除 of transfer restrictions may apply. The direct impact on shareholder value is unclear from current information, but the design aims to improve medium- to long-term corporate value through the compensation system.
Maruichi Steel Tube Co., Ltd.
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