Makita Corporation (JP:6586) has released an update.
Makita Corporation has announced the disposal of 6,564 shares of treasury stock as stock-based compensation with a 50-year transfer restriction period for its directors, excluding Audit & Supervisory Committee Members and Outside Directors. This move, involving a total disposal value of 28,789,704 yen, aims to align directors’ interests with those of shareholders by sharing the risks and benefits associated with stock price fluctuations and to incentivize the improvement of stock price and corporate value.
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