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Share Issuance and Disposal6890Ferrotec CorporationElectrical Equipment and Precision Instruments

Notice Concerning the Disposal of Treasury Shares as Restricted Stock Units (RSUs)

The Company has decided to deliver 12,858 shares of its common stock through the disposal of treasury shares upon the vesting of RSUs granted to 8 employees of overseas subsidiaries. The disposal price is ¥8,100 per share, for a total disposal price of ¥104,149,800.

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12858
Shares
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Details of issuance or disposal

Disposal of treasury shares as restricted stock units (RSUs)

Who receives how much12,858Shares

12,858 shares of the Company's common stock (treasury shares)

8 employees of the Company's subsidiaries located outside Japan (8 employees of the Company's subsidiaries located in the United States)12,858 shares

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

¥8,100 per share
Total issue value

¥104,149,800

Amount of funds to be raised
Total amount paid in: ¥104,149,800; estimated net proceeds: Not disclosed (as the transaction involves a contribution in kind)
Total Stock-Based Compensation
Total cash compensation receivables granted: ¥104,149,800
発行済株式総数

The total number of issued shares will not increase because this is a disposal of treasury shares.

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
The shares delivered are not subject to transfer restrictions. Under the RSU plan, the transfer or other disposal of RSUs is restricted from the grant date until the delivery of the Company's shares. The specific period is Not disclosed.
Conditions for lifting transfer restrictions
Not applicable (the shares delivered are not subject to transfer restrictions). Vesting of the RSUs is subject to continued employment for a specified period and other conditions.
Reason for acquisition without consideration
Events resulting in the forfeiture of the rights, including resignation, misconduct and other causes, have been established.
Categories and Number of Persons Covered
8 employees of the Company's subsidiaries located outside Japan, 12,858 shares
Intended allottee's holding policy
The shares of the Company delivered through this disposal of treasury shares are not subject to transfer restrictions or any other encumbrances or restrictions.
Payment date
13 August 2026
Basis for determining the amount to be paid
The closing price of the Company's common stock on the Tokyo Stock Exchange on 14 July 2026 was ¥8,100. The closing price on the business day immediately preceding the date of the Board of Directors' resolution was adopted, with no discount or premium.
Details of issuance or disposal
ItemDetails
Type of issuance or disposalDisposal of treasury shares as restricted stock units (RSUs)
Number of shares to be issued or disposed of12,858 shares of the Company's common stock (treasury shares)
Issue price and disposal price¥8,100 per share
Total issue value¥104,149,800
Amount of funds to be raisedTotal amount paid in: ¥104,149,800; estimated net proceeds: Not disclosed (as the transaction involves a contribution in kind)
Payment date13 August 2026
Intended allotteeName 8 employees of the Company's subsidiaries located outside Japan (8 employees of the Company's subsidiaries located in the United States) / Number of Shares 12,858 shares
Intended allottee's holding policyThe shares of the Company delivered through this disposal of treasury shares are not subject to transfer restrictions or any other encumbrances or restrictions.
Total number of issued sharesThe total number of issued shares will not increase because this is a disposal of treasury shares.
Basis for determining the amount to be paidThe closing price of the Company's common stock on the Tokyo Stock Exchange on 14 July 2026 was ¥8,100. The closing price on the business day immediately preceding the date of the Board of Directors' resolution was adopted, with no discount or premium.
Transfer restriction periodThe shares delivered are not subject to transfer restrictions. Under the RSU plan, the transfer or other disposal of RSUs is restricted from the grant date until the delivery of the Company's shares. The specific period is Not disclosed.
Conditions for lifting transfer restrictionsNot applicable (the shares delivered are not subject to transfer restrictions). Vesting of the RSUs is subject to continued employment for a specified period and other conditions.
Reason for acquisition without considerationEvents resulting in the forfeiture of the rights, including resignation, misconduct and other causes, have been established.
Categories and Number of Persons Covered8 employees of the Company's subsidiaries located outside Japan, 12,858 shares
Total Stock-Based CompensationTotal cash compensation receivables granted: ¥104,149,800
Items this document does not state (13)
Estimated issuance expensesSpecific use of fundsDilution RateExercise 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.

As a portion of the RSUs granted in July 2024 has vested, the Company will accept the cash compensation receivables granted to the planned allottees as contributions in kind and deliver the Company's shares.

How to read this page

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Notice Concerning the Disposal of Treasury Shares as Restricted Stock Units (RSUs) | Ferrotec Corporation (6890) timely disclosure | Komori