Higashi Holdings Co., Ltd.
Notice Regarding the Disposal of Treasury Shares as Restricted Stock Compensation
At today’s Board of Directors meeting, a decision was made to dispose of treasury shares as restricted stock remuneration. 54,100 shares will be allocated to the eligible recipients, with a paid-in amount of 1,811 yen per share, for a total of 97,975,100 yen. The transfer restrictions will last 30 years, and conditions for解除 and free acquisition will be stipulated upon retirement, etc. The payment date is July 6, 2026.
Key Figures
- 54,100 shares
- 97,975,100 yen
- 1,811 yen
AI要約
Overview
In connection with the introduction of a restricted stock remuneration program, the company decided to dispose of treasury shares by allotting shares as a contributed property for cash remuneration claims to eligible recipients. The allotment is 54,100 shares, totaling 97,975,100 yen, with a paid-in date of July 6, 2026. The transfer restriction period is 30 years, and provisions specify that upon expiration of term, retirement by term of office, retirement due to mandatory retirement age, or death, the transfer restrictions are解除, and handling in organizational restructuring is also defined.
Impact on Shareholders and Outlook
The incentive design aims to promote long-term shareholder value sharing, clarifying conditions for transfer restrictions,解除, and gratuitous acquisition during the restriction period. Depending on the recipient’s term of office and retirement handling, transfer restrictions may be解除 or gratuitous acquisition, which could lead to dilution risk and impact on shareholder value.
Higashi Holdings Co., Ltd.
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