Kato Works Co.,Ltd.
Notice Regarding Share Buyback of Treasury Stock as Restricted Stock Unit
Allocates 11,196 shares of ordinary shares of the company to four directors in the form of in-kind delivery as restricted stock units, with a disposal price of 1,280 yen per share and total amount of 14,330,000 yen. The target is four directors; transfer restrictions apply until the retirement date. Details of gratuitous acquisition conditions, release conditions, and handling in case of organizational restructuring are specified.
Key Figures
- 11,196 shares: allocated shares
- 1,280 yen: disposal price
- 14,330,880 yen: total disposal price
AI要約
Overview
At today's Board of Directors meeting, a resolution was made to dispose of treasury stock as restricted stock units. For four targeted directors, a total cash compensation claim of 14,330,880 yen will be provided in-kind, and 11,196 shares will be allocated as restricted stock. The transfer restrictions on allocated shares last until the retirement date.
Conditions, Risks, and responses to organizational changes
The allocation agreement specifies transfer restrictions, gratuitous acquisition, and release conditions, with release of restrictions contingent on continued service after the general meeting date. If there are unreleased shares at the end of the period, they will be gratuitously acquired. Special release/gratuitous acquisition handling is defined for approval in events such as organizational restructuring, and the handling at retirement is also specified.
Kato Manufacturing Co., Ltd.
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