Obic to issue restricted stock to executive officers
Obic Co., Ltd. resolved on December 10, 2025, to dispose of 1,300 common shares as restricted share-based remuneration to 13 executive officers. This compensation, valued at 4,963 yen per share for a total of 6,451,900 yen, will be allocated on January 30, 2026. The disposal price is based on the closing price of Obic's common shares on the Tokyo Stock Exchange as of December 9, 2025, ensuring a reasonable valuation.
This new compensation system, approved on November 6, 2025, aims to incentivize sustainable corporate value enhancement and greater alignment with shareholder interests. The executive officers will contribute their monetary compensation claims as in-kind contributions to acquire the restricted shares.
The allocated shares will be subject to a transfer restriction period from January 30, 2026, until resignation or retirement. This restriction will be lifted if the recipients remain in their positions from April 1, 2025, to March 31, 2026. The shares will be managed in dedicated accounts at Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. to ensure compliance with transfer restrictions.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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