Ootoya Holdings issues restricted stock compensation to executives

Ootoya Holdings will issue 6,000 new shares as restricted stock compensation to five executives on August 12, valued at 5,290 yen per share for a total of 31.7m yen.

The shares will go to three directors and two executive officers as part of a compensation system designed to retain management talent and align executive interests with shareholder value. The restricted period lasts until the recipient leaves the company or its group.