Komori
Share Issuance and Disposal1788SANTO CORPORATIONConstruction and Materials

Notice Concerning the Disposal of Treasury Shares as Restricted Stock Compensation

The Company resolved to dispose of 3,370 treasury shares as restricted stock compensation to 10 directors and executive officers. The disposal price is ¥4,080 per share, for a total of ¥13,749,600.

Worth reading
40Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Neutral
Direction inferred from the company’s description.
Scale
3370
Shares
Wording
Definitive
How definitive the wording is.

Details of issuance or disposal

Disposal of treasury shares as restricted stock compensation

Who receives how much3,370Shares

3,370 common shares of the Company (treasury shares)

Directors3 / 1,650 shares
Directors serving as Audit and Supervisory Committee members2 / 240 shares
Executive officers7 / 1,480 shares

The height of each bar represents the proportion of shares received by each allottee. The thin line below represents the number of existing shares to which these shares are added.

¥4,080 per share
Total issue value

¥13,749,600

Amount of funds to be raised
Not applicable (disposal through contribution in kind of monetary compensation claims)
Total Stock-Based Compensation
Total monetary compensation claims of ¥13,749,600 (the annual compensation limit for eligible directors is ¥20 million or less)
Conditions on transfer restrictions

Restricted stock is stock awarded as compensation that cannot be sold during a specified period, with the restrictions lifted once the applicable conditions are met.

Transfer restriction period
From 23 October 2026 until the date on which the allottee ceases to hold any position as a director, executive officer or employee of the Company. However, if that date is on or before 30 September 2027, until 1 October 2027.
Conditions for lifting transfer restrictions
Continuously holding any position as a director, executive officer or employee of the Company from 23 October 2026 until the date of the first ensuing annual general meeting of shareholders. In the event of departure or retirement for a valid reason, part of the restrictions will be released according to the number of months of service.
Reason for acquisition without consideration
If, without a valid reason, the holder ceases to hold any position as a director, executive officer or employee of the Company by the day before the first ensuing annual general meeting of shareholders. If any shares remain subject to the restrictions when the restriction period expires. If any shares remain subject to the restrictions on the effective date of a corporate reorganisation or similar transaction.
Categories and Number of Persons Covered
Category Directors / Number of Employees 3 / Number of allocated shares 1,650 shares, Category Directors serving as Audit and Supervisory Committee members / Number of Employees 2 / Number of allocated shares 240 shares, Category Executive officers / Number of Employees 7 / Number of allocated shares 1,480 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred to third parties, pledged, made subject to a security interest by way of transfer, gifted during the holder's lifetime, bequeathed or otherwise disposed of in any way. The holding policy after the transfer restrictions are lifted is Not disclosed.
Payment date
23 October 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on 24 September 2026 was ¥4,080. No discount or premium.
Details of issuance or disposal
ItemDetails
Type of issuance or disposalDisposal of treasury shares as restricted stock compensation
Number of shares to be issued or disposed of3,370 common shares of the Company (treasury shares)
Issue price and disposal price¥4,080 per share
Total issue value¥13,749,600
Amount of funds to be raisedNot applicable (disposal through contribution in kind of monetary compensation claims)
Payment date23 October 2026
Intended allotteeCategory Directors / Number of Employees 3 / Number of Shares 1,650 shares, Category Directors serving as Audit and Supervisory Committee members / Number of Employees 2 / Number of Shares 240 shares, Category Executive officers / Number of Employees 7 / Number of Shares 1,480 shares
Intended allottee's holding policyDuring the transfer restriction period, the shares may not be transferred to third parties, pledged, made subject to a security interest by way of transfer, gifted during the holder's lifetime, bequeathed or otherwise disposed of in any way. The holding policy after the transfer restrictions are lifted is Not disclosed.
Basis for determining the amount to be paidThe closing price of the Company's common shares on the Tokyo Stock Exchange on 24 September 2026 was ¥4,080. No discount or premium.
Transfer restriction periodFrom 23 October 2026 until the date on which the allottee ceases to hold any position as a director, executive officer or employee of the Company. However, if that date is on or before 30 September 2027, until 1 October 2027.
Conditions for lifting transfer restrictionsContinuously holding any position as a director, executive officer or employee of the Company from 23 October 2026 until the date of the first ensuing annual general meeting of shareholders. In the event of departure or retirement for a valid reason, part of the restrictions will be released according to the number of months of service.
Reason for acquisition without considerationIf, without a valid reason, the holder ceases to hold any position as a director, executive officer or employee of the Company by the day before the first ensuing annual general meeting of shareholders. If any shares remain subject to the restrictions when the restriction period expires. If any shares remain subject to the restrictions on the effective date of a corporate reorganisation or similar transaction.
Categories and Number of Persons CoveredCategory Directors / Number of Employees 3 / Number of allocated shares 1,650 shares, Category Directors serving as Audit and Supervisory Committee members / Number of Employees 2 / Number of allocated shares 240 shares, Category Executive officers / Number of Employees 7 / Number of allocated shares 1,480 shares
Total Stock-Based CompensationTotal monetary compensation claims of ¥13,749,600 (the annual compensation limit for eligible directors is ¥20 million or less)
Items this document does not state (14)
Estimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost recent equity financingMajor shareholders after the offeringImpact on Business Performance

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To share the benefits and risks of share price fluctuations with shareholders and increase recipients’ motivation to contribute to higher share prices and enhanced corporate value.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Concerning the Disposal of Treasury Shares as Restricted Stock Compensation | SANTO CORPORATION (1788) timely disclosure | Komori