Tokyo Tekko Co., Ltd.
Notice on the Disposal of Treasury Stock as Restricted Stock Units
In conjunction with the introduction of a restricted stock unit plan, the company has resolved to allocate restricted shares to certain directors and executive officers as actual assets. Total allocation: 14,810 shares, total amount JPY 28,287,100, with payment due by July 31, 2026. The shares will be disposed at market price of 1,910 yen per share.
Key Figures
- 14,810 shares
- 28,287,100 yen
- 1,910 yen/share
AI要約
Overview
Tokyo Steel Co., Ltd. resolved to allocate restricted stock shares to eligible directors and executive officers in connection with the introduction of a restricted stock unit program. The total allocation is 14,810 shares, totaling JPY 28,287,100, with the payment due date set to July 31, 2026. The shares will be allocated by in-kind contributions, and the restricted period runs from the delivery date until retirement or resignation.
Outlook
This program is designed to share the benefits and risks of stock price fluctuations with shareholders and to promote contributions to corporate value enhancement. The conditions for release of restrictions on the allocated shares include certain period-based service requirements and exceptions in the event of organizational restructuring, with treatment defined upon retirement. The specific financial impact is unknown, but the compensation design is not expected to entail direct capital expenditure for shareholder return.
Tokyo Steel Co., Ltd.
Company overview · Stock price · Financial data · All IR
