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Nippon Aqua Co., Ltd. ( (JP:1429) ) just unveiled an announcement.
Nippon Aqua will dispose of 23,500 treasury shares as restricted stock compensation for three internal directors, at a price of ¥702 per share for a total of ¥16.5 million. The move is part of a broader compensation framework designed to tie executive pay more closely to the company’s long-term performance and shareholder value.
The restricted stock plan, approved through prior shareholder resolutions, caps annual director allocations at ¥70 million and 250,000 shares, with disposal prices linked to the latest market close. A notably long 40-year transfer restriction period is set to encourage sustained commitment, while unvested shares can be acquired without consideration if conditions are not met, strengthening retention and alignment of interests with investors.
More about Nippon Aqua Co., Ltd.
Nippon Aqua Co., Ltd. is a Japan-based company listed on the Tokyo Stock Exchange Prime Market under securities code 1429. It operates in the construction and building materials field, focusing on insulation and related solutions for energy-efficient buildings and sustainable infrastructure in the domestic market.
Average Trading Volume: 159,988
Technical Sentiment Signal: Sell
Current Market Cap: Yen22.68B
Find detailed analytics on 1429 stock on TipRanks’ Stock Analysis page.