Mitsubishi Logistics to dispose treasury shares for stock compensation plan

Mitsubishi Logistics Corporation (TSE:9301) announced today its plans to dispose of 94,540 treasury shares as restricted stock compensation for its directors and executive officers. The decision, made at a Board of Directors meeting on June 27, 2025, aims to incentivize long-term corporate and shareholder value growth. The disposal price is set at JPY1,182 per share, totaling JPY111,746,280. Five directors will receive 68,146 shares, while eight executive officers will receive 26,394 shares. The recipients cannot transfer, create security interest or otherwise dispose of the allocated shares during a restriction period. Any fractional shares arising from the calculation will be rounded down.