Aisan Industry to dispose of treasury shares for stock compensation

Aisan Industry (TSE:7283) announced that its board of directors has approved the disposal of 15,031 treasury shares to its executives, excluding outside directors, as part of its restricted stock compensation scheme. This initiative, initially approved in April 2021 and reaffirmed at the June 13, 2025 shareholders meeting, aims to incentivize sustainable corporate value growth and promote value sharing with shareholders. The disposal, scheduled for July 7, 2025, involves shares priced at JPY 1,711 each, totaling a disposal value of JPY 25,718,041. The eligible directors and senior executive officers will pay their monetary compensation received from the Company as assets contributed in kind, and receive the disposal of shares of the Company's common stock. The shares are subject to transfer restrictions until the executive's retirement, with specific conditions for early release or forfeiture based on the circumstances of their departure, and a transfer-restricted stock allotment agreement will be in place to ensure compliance.