Morinaga Milk sets 30-year stock restriction for executives

Morinaga Milk Industry will dispose of 23,900 treasury shares worth 79.8m yen as restricted stock compensation to 12 executives.

The compensation plan features an unusually long 30-year restriction period running until 2055, during which executives cannot transfer or sell their allocated shares. The company will reclaim shares without payment if executives resign before the restriction period ends, unless approved by the board.

Six directors will receive 18,700 shares while six executive officers get 5,200 shares, with payment scheduled for August 2025.