Globeride, Inc.
[Grove Ride] Share Buyback and Director Stock Compensation Program | August 2026
Grove Ride will process the disposal of 10,419 shares of treasury stock on August 21, 2026, as part of its director stock compensation program with restricted stock transfer restrictions, raising approximately 25.72 million yen. The purpose of the disposal is to enhance director incentives and sustainably increase corporate value.
Key Figures
- Number of shares disposed: 10,419 shares
- Total disposal amount: 25,724,511 yen
- Payment price per share: 2,469 yen
AI要約
Disposal Overview
Grove Ride will dispose of 10,419 shares of common stock, restricted stock, to directors and delegated executive officers on August 21, 2026. The disposal price is 2,469 yen per share, with a total amount of approximately 25.72 million yen. This is part of a program aimed at providing incentives to directors and improving corporate value. The number of shares to be disposed of is determined based on market stock prices, and the dilution rate after disposal is minimal at 0.05%.
Background and Purpose of Disposal
This disposal is conducted in accordance with the stock compensation program with transfer restrictions introduced in 2022, aimed at increasing incentives for directors to enhance corporate value. The program sets conditions for releasing transfer restrictions based on the directors' continuation or departure from their positions, ensuring transparency and rationality. The disposal aims to promote long-term commitment of directors while minimizing shareholder value dilution.
Grove Ride Holdings Co., Ltd.
Company overview · Stock price · Financial data · All IR
