Alpen approves restricted stock plan for executives

Alpen's board of directors approved the disposal of 9,485 shares of its common stock as restricted stock compensation. This measure, effective November 21, 2025, allocates 3,500 shares to two directors and 5,985 shares to eleven executive officers, totaling 21,682,710 yen. The compensation is based on a per-share price of 2,286 yen, reflecting the closing price on the Tokyo Stock Exchange on October 21, 2025, the business day prior to the resolution.

The plan introduces a three-year restricted transfer period, from November 21, 2025, to November 21, 2028 (or November 21, 2027, for executive officers), during which recipients cannot transfer or encumber the shares. Restrictions will be lifted upon continuous service throughout the period, with provisions for partial release in specific circumstances such as retirement, death, or organizational restructuring.

This initiative follows the August 25, 2021, announcement of the Restricted Stock Compensation Plan, approved by shareholders on September 28, 2021. The plan allows for annual monetary compensation claims up to 30,000,000 yen for directors and limits total common shares issued or disposed of under the plan to 10,000 shares per year.