Maxell, Ltd. (JP:6810) has released an update.
Maxell, Ltd. has resolved to issue 22,945 shares of restricted stock to motivate and align the interests of its executive officers and employees with those of its shareholders. The restricted stock, valued at a total of 39,832,520 yen, will be granted to 2 executive officers and 101 employees as part of their compensation for the fiscal year. These shares come with a transfer restriction period that varies for executives and employees, lasting until the executives’ departure or a set five-year term for the employees.
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