Mitsuchi Corporation
Notice Regarding the Disposition of Treasury Stock as Restricted Stock Compensation
Resolves to allocate treasury stock as restricted stock compensation to four directors and one Audit Committee member. Total allocated shares: 12,600 shares, at 679 yen per share, totaling 8,555,400 yen. Transfer restriction period is from the grant date for a defined period, with detailed conditions for unlock and for gratuitous acquisition. The target period extends through the fiscal year ending 2027, with prerequisites including handling in organizational restructuring, account management, and conditional stock allocation agreements.
Key Figures
- 12,600 shares: Restricted stock allocation shares
- 679 yen: Disposal value
- 8,555,400 yen: Total disposal amount
AI要約
System design and allocation overview
Today, the board of directors resolved the disposal of treasury stock as restricted stock compensation. Restricted stock will be allocated to the specified directors, and cash reward claims will be provided in kind to allocate the shares. Total allocated shares are 12,600, at 679 yen per share, totaling 8,555,400 yen. The recipients are five individuals, with four non-Audit Committee members and one Audit Committee member to be allocated. The transfer restrictions, unlock conditions, and gratuitous acquisition terms are specified, and the conditions for unlocking transfer restrictions at the end of the period are also stated.
Future schedule and risks
The execution of the restricted stock grant agreement targets the period up to the annual general meeting of shareholders for the 65th fiscal year to be held in September 2027, with conditions for gratuitous acquisition and transfer restriction release if the recipients resign or retire. In the event of specific organizational restructuring, handling under special resolutions by the board is anticipated. Account management will be conducted through Tokai Tokyo Securities Co., Ltd.
Mitsuchi Corporation
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