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Share Issuance and Disposal8345The Bank of Iwate,Ltd.Banks

Notice Concerning the Disposal of Treasury Shares as Restricted Stock Compensation

The Bank resolved to dispose of 13,800 treasury shares as restricted stock compensation to 4 directors and 2 executive managing officers. The recipients will be granted monetary compensation claims totaling ¥30,953,400, which will be contributed in kind.

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46Recurring
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Neutral
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Scale
0.02
% (percentage of total shares outstanding)
Wording
Definitive
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Details of issuance or disposal

Disposal of treasury shares as restricted stock compensation

Who receives how much13,800Shares

13,800 common shares of the Bank (treasury shares)

4 directors (excluding directors who are Audit and Supervisory Committee members and outside directors)11,800 shares
2 executive managing officers2,000 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.

¥2,243 per share
Total issue value

¥30,953,400

Amount of funds to be raised
Total payment amount: ¥30,953,400; estimated net proceeds: Not disclosed (the disposal of treasury shares is made through the in-kind contribution of monetary compensation claims)
Total Stock-Based Compensation
Total monetary compensation claims: ¥30,953,400
発行済株式総数

0.02% (percentage of total shares issued)

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 24 August 2026 (the payment date) until the date on which the eligible officer ceases to be both a director and an executive officer of the Bank
Conditions for lifting transfer restrictions
The transfer restrictions on all of the allocated shares will be lifted upon expiration of the transfer restriction period, provided that during the service provision period from the date of the Bank's annual general meeting of shareholders immediately preceding the payment date through the date of the annual general meeting of shareholders held in the following year, the eligible directors continuously hold the position of director of the Bank and the eligible executive officers continuously hold the position of executive managing officer of the Bank. In the event of retirement due to death or another reason deemed legitimate by the Bank's Board of Directors, all transfer restrictions will also be lifted immediately after expiration of the transfer restriction period. In the event of a corporate reorganization or similar transaction, the restrictions will be lifted immediately before the effective date.
Reason for acquisition without consideration
The bank will automatically acquire for no consideration any allocated shares for which the restrictions have not been lifted when the restriction period expires.
Stock Split Ratio4 shares for each common share, effective 1 April 2026
Categories and Number of Persons Covered
Category Directors (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Employees 4 / Number of allocated shares 11,800 shares, Category Senior Executive Officer / Number of Employees 2 / Number of allocated shares 2,000 shares
Intended allottee's holding policy
From 24 August 2026 until the date on which the eligible officer ceases to be both a director and an executive officer of the Bank, the shares may not be transferred, pledged as collateral or otherwise disposed of.
Payment date
24 August 2026
Basis for determining the amount to be paid
The closing price of the Bank's common shares on the Tokyo Stock Exchange on 23 July 2026, the business day preceding the date of the Board of Directors' resolution, was ¥2,243. No discount or premium was stated.
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 of13,800 common shares of the Bank (treasury shares)
Issue price and disposal price¥2,243 per share
Total issue value¥30,953,400
Amount of funds to be raisedTotal payment amount: ¥30,953,400; estimated net proceeds: Not disclosed (the disposal of treasury shares is made through the in-kind contribution of monetary compensation claims)
Payment date24 August 2026
Intended allotteeCategory 4 directors (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Shares 11,800 shares, Category 2 executive managing officers / Number of Shares 2,000 shares
Intended allottee's holding policyFrom 24 August 2026 until the date on which the eligible officer ceases to be both a director and an executive officer of the Bank, the shares may not be transferred, pledged as collateral or otherwise disposed of.
Dilution Rate0.02% (percentage of total shares issued)
Basis for determining the amount to be paidThe closing price of the Bank's common shares on the Tokyo Stock Exchange on 23 July 2026, the business day preceding the date of the Board of Directors' resolution, was ¥2,243. No discount or premium was stated.
Transfer restriction periodFrom 24 August 2026 (the payment date) until the date on which the eligible officer ceases to be both a director and an executive officer of the Bank
Conditions for lifting transfer restrictionsThe transfer restrictions on all of the allocated shares will be lifted upon expiration of the transfer restriction period, provided that during the service provision period from the date of the Bank's annual general meeting of shareholders immediately preceding the payment date through the date of the annual general meeting of shareholders held in the following year, the eligible directors continuously hold the position of director of the Bank and the eligible executive officers continuously hold the position of executive managing officer of the Bank. In the event of retirement due to death or another reason deemed legitimate by the Bank's Board of Directors, all transfer restrictions will also be lifted immediately after expiration of the transfer restriction period. In the event of a corporate reorganization or similar transaction, the restrictions will be lifted immediately before the effective date.
Reason for acquisition without considerationThe bank will automatically acquire for no consideration any allocated shares for which the restrictions have not been lifted when the restriction period expires.
Categories and Number of Persons CoveredCategory Directors (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Employees 4 / Number of allocated shares 11,800 shares, Category Senior Executive Officer / Number of Employees 2 / Number of allocated shares 2,000 shares
Total Stock-Based CompensationTotal monetary compensation claims: ¥30,953,400
Stock Split Ratio4 shares for each common share, effective 1 April 2026
Items this document does not state (12)
Estimated issuance expensesSpecific use of fundsTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentProcedures 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 Bank's corporate value and to further promote value sharing with shareholders. The Bank also took into account the scope of the responsibilities of the eligible officers and other relevant circumstances.

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Notice Concerning the Disposal of Treasury Shares as Restricted Stock Compensation | The Bank of Iwate,Ltd. (8345) timely disclosure | Komori