Fujitec grants restricted stock with 40-year lock-up period

Fujitec will dispose of 4,471 treasury shares worth 26.8m yen to 23 executives and directors as restricted stock compensation.

The shares, priced at 5,990 yen each, will be subject to transfer restrictions until August 2065 - an unusually extended 40-year period compared to typical executive compensation plans.

Three directors will receive 1,711 shares while 20 executive officers will get 2,760 shares under the restricted stock plan introduced in 2021.