Taiheiyo Cement issues restricted shares as executive compensation

Taiheiyo Cement will dispose of 19,798 treasury shares as restricted stock compensation to six directors and five executive officers for 71.4 million yen.

The shares, priced at 3,606 yen each, will be allocated on August 19 through in-kind contributions. The compensation plan aims to align executive and shareholder interests, with transfer restrictions until retirement.