Santo Corporation
Notice of Disposal of Treasury Stock as Restricted Stock
Disposal of 3,370 treasury shares as restricted stock at 4,080 yen per share. Payment due date October 23, 2026. Eligible are 3 directors, 2 Audit Committee members, and 7 executive officers. Compensation claims will be contributed in kind to allotment shares. Transfer restrictions endure until the resignation date, with release conditions based on attendance at the ordinary general meeting, etc.
Key Figures
- Disposal shares: 3,370 shares
- Disposal price: 4,080 yen/share
- Total disposal amount: 13,749,600 yen
AI要約
Allocation details and conditions
The board resolved to dispose treasury shares as restricted stock. Eligible are 3 directors, 2 directors who serve on the Audit Committee, and 7 executive officers. The total disposal amount is 13,749,600 yen, with 3,370 shares disposed at 4,080 yen per share. The disposal will be effected as an in-kind contribution of cash compensation claims to shares, and the allotted shares will be subject to transfer restrictions.
Transfer restrictions and release
The transfer restriction period runs from October 23, 2026 until the day the recipients resign or retire. Upon expiration and if conditions are met, transfer restrictions are lifted, resulting in free acquisition of shares. If any corporate reorganizations are approved, the transfer restriction release is calculated similarly, and if the conditions are satisfied, the shares are acquired without consideration.
Santo Corporation
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