椿本興業 announced that payment for treasury shares granted as a restricted stock incentive for the employee stock ownership association had been completed and that some shares had been forfeited.
椿本興業 announced that payment had been completed for the disposal of treasury shares to be used as a restricted stock incentive for the employee stock ownership association. It also disclosed that some of the shares had been forfeited. The article formally reports this as timely disclosure.
The shares concerned are incentive shares for the employee stock ownership association, and completion of payment indicates that the incentive had reached the stage of practical implementation. The number of shares and specific terms relating to the forfeited portion are not provided in the article.