Tobira Systems approved the distribution of 163,400 treasury shares to directors, executive officers, and employees under two restricted stock award programs. The allocation includes 22,500 shares to 3 directors (granted without compensation), and 140,900 shares to 4 executive officers and 90 employees (funded by monetary claims totaling ¥176,829,500). The shares carry transfer restrictions of 3 years (performance-conditioned tranche) and 1 year (vesting-conditioned tranche).
¥205M
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Summary
Tobira Systems approved the distribution of 163,400 treasury shares to directors, executive officers, and employees under two restricted stock award programs. The allocation includes 22,500 shares to 3 directors (granted without compensation), and 140,900 shares to 4 executive officers and 90 employees (funded by monetary claims totaling ¥176,829,500). The shares carry transfer restrictions of 3 years (performance-conditioned tranche) and 1 year (vesting-conditioned tranche).