Quick Co.,Ltd.
Notice of Share Buyback as Stock Compensation Granted to Directors
"223,800 shares issued and 170,759,400 yen in monetary compensation claims contributed in-kind" under the restricted stock compensation system, approved by the Board today. The program grants 7 directors with a mix of retirement-type and mid-term service-type restricted stock allocations, and defines payment deadlines, vesting periods starting from the payment date, conditions for解除 (release) of restrictions, gratuitous acquisition, and governance measures.
Key Figures
- 223,800 shares
- 170,759,400 yen
- 763 yen/share
AI要約
Overview
Quick Co., Ltd. has decided, by a resolution of the Board of Directors, to implement the disposition of treasury stock under the restricted stock compensation system. A total of 223,800 shares will be granted to seven directors, combining retirement-type and mid-term service-type restricted shares. The payment deadline is July 30, 2026, at 763 yen per share, for a total of 170,759,400 yen.
Allocation contract and period outline
The vesting period for the retirement-type is until the date of loss of status as director, etc., and for the mid-term type until July 29, 2031. Vesting conditions apply at the expiration of service for retirement-type, and at expiration for the mid-term type. Provisions for early解除 of restrictions in the event of specific corporate actions such as organizational changes are included, and the right to gratuitous acquisition accompanies the company.
Quick Co., Ltd.
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