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Share Issuance and Disposal4023KUREHA CORPORATIONMaterials and Chemicals

Notice Concerning the Disposal of Treasury Shares as Restricted Stock Compensation

The Board of Directors resolved to dispose of 3,006 treasury shares as restricted stock compensation to 5 executive officers. In principle, the shares may not be transferred until the recipient ceases to hold office, and the restrictions will be lifted subject to continued service for a specified period.

Worth reading
37Immaterial
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Direction
Neutral
Direction inferred from the company’s description.
Scale
3006
Shares
Wording
Definitive
How definitive the wording is.

Details of issuance or disposal

Disposal of treasury shares as restricted stock compensation

Who receives how much3,006Shares

3,006 common shares of the Company (treasury shares)

5 executive officers, 3,006 shares

The lower thin line represents the existing number of shares to which these shares will be added.

¥3,890 per share
Total issue value

¥11,693,340

Total Stock-Based Compensation
Total monetary compensation claims of ¥11,693,340
発行済株式総数

0.006% (treasury share disposal)

The dilution rate shows what proportion the newly issued shares represent of the existing shares. The higher the proportion, the more the value and voting rights per share are diluted.

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 28 May 2026, the payment date, until the date on which the recipient ceases to hold the position of director or executive officer of the Company
Conditions for lifting transfer restrictions
Provided that the recipient continuously holds the position of director or executive officer of the Company during the service period from 1 April 2026 to 31 March 2027, all of the allocated shares will be released from the restrictions upon expiration of the restriction period. If the recipient ceases to hold office due to death or another reason deemed legitimate by the Board of Directors, a portion of the shares will be released based on the number of months in office. In the event of a corporate reorganization or similar transaction, the restrictions on the number of shares determined in accordance with the prescribed number of months will be released immediately before the business day preceding the effective date.
Reason for acquisition without consideration
Any allocated shares that remain subject to the restrictions upon expiration of the restriction period will automatically be acquired by the Company without consideration immediately thereafter.
Categories and Number of Persons Covered
5 executive officers, 3,006 shares
Intended allottee's holding policy
During the restriction period, the recipient may not transfer, create security interests over or otherwise dispose of the shares. The restriction period runs from 28 May 2026 until the date on which the recipient ceases to hold the position of director or executive officer of the Company.
Payment date
28 May 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on 27 April 2026, the business day preceding the date of the Board of Directors' resolution, was ¥3,890. No discount or premium applies.
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 of3,006 common shares of the Company (treasury shares)
Issue price and disposal price¥3,890 per share
Total issue value¥11,693,340
Payment date28 May 2026
Intended allottee5 executive officers, 3,006 shares
Intended allottee's holding policyDuring the restriction period, the recipient may not transfer, create security interests over or otherwise dispose of the shares. The restriction period runs from 28 May 2026 until the date on which the recipient ceases to hold the position of director or executive officer of the Company.
Dilution Rate0.006% (treasury share disposal)
Basis for determining the amount to be paidThe closing price of the Company's common shares on the Tokyo Stock Exchange on 27 April 2026, the business day preceding the date of the Board of Directors' resolution, was ¥3,890. No discount or premium applies.
Transfer restriction periodFrom 28 May 2026, the payment date, until the date on which the recipient ceases to hold the position of director or executive officer of the Company
Conditions for lifting transfer restrictionsProvided that the recipient continuously holds the position of director or executive officer of the Company during the service period from 1 April 2026 to 31 March 2027, all of the allocated shares will be released from the restrictions upon expiration of the restriction period. If the recipient ceases to hold office due to death or another reason deemed legitimate by the Board of Directors, a portion of the shares will be released based on the number of months in office. In the event of a corporate reorganization or similar transaction, the restrictions on the number of shares determined in accordance with the prescribed number of months will be released immediately before the business day preceding the effective date.
Reason for acquisition without considerationAny allocated shares that remain subject to the restrictions upon expiration of the restriction period will automatically be acquired by the Company without consideration immediately thereafter.
Categories and Number of Persons Covered5 executive officers, 3,006 shares
Total Stock-Based CompensationTotal monetary compensation claims of ¥11,693,340
Items this document does not state (14)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsTotal 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 provide an incentive for the sustained enhancement of the Company's corporate value and to further promote the sharing of value with shareholders.

How to read this page

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Notice Concerning the Disposal of Treasury Shares as Restricted Stock Compensation | KUREHA CORPORATION (4023) timely disclosure | Komori