Sanyo Trading Co., Ltd.
Notice Regarding the Disposal of Treasury Stock as Restricted Stock Compensation
Scheduled to dispose of 14,500 shares of treasury stock (total disposal price 22,620,000 yen) as restricted stock compensation to 12 eligible directors and others on February 13, 2026.
Key Figures
- Number of shares disposed: 14,500 shares
- Disposal price (per share): 1,560 yen
- Total disposal price: 22,620,000 yen
AI要約
Overview of Capital Policy
Sanyo Trading Co., Ltd. resolved at its Board of Directors meeting to dispose of 14,500 shares of treasury stock on February 13, 2026, pursuant to the restricted stock compensation plan. The disposal price is 1,560 yen per share, totaling 22,620,000 yen. The shares will be allocated as 8,200 shares to 4 directors and 6,300 shares to 8 executive officers. This plan was introduced in November 2022 and aims to provide incentives to eligible directors and others to enhance corporate value and promote value sharing with shareholders. The transfer restriction period lasts from the allocation date until the eligible person retires, and the restricted shares are managed in a dedicated account.
Impact on Shareholders and Determination of Disposal Price
The disposal price is based on the closing price of 1,560 yen on the Tokyo Stock Exchange on January 15, 2026, and is not a particularly advantageous price. The restricted stock allocation agreement stipulates transfer restrictions, gratuitous acquisition clauses, and handling in case of corporate reorganizations. If an eligible director or others resign during the period, the restricted shares with unlifted transfer restrictions will, in principle, be acquired without compensation. This ensures proper operation of the incentive scheme and protection of shareholder value.
