Daiichi Construction Kogyo is using restricted stock as a broad pay tool, not just a boardroom sweetener. The company said on June 25 that it would allot 39,770 treasury shares worth ¥130.6mn, with 34,070 shares worth ¥111.9mn going to 895 employees and 5,700 shares worth ¥18.7mn going to four directors and nine executive officers.
| Recipient group | Recipients | Shares | Payment date |
|---|---|---|---|
| Directors | 4 | 3,000 | July 15, 2026 |
| Executive officers | 9 | 2,700 | July 15, 2026 |
| Employees | 895 | 34,070 | December 15, 2026 |
The split timing matters. Directors and executive officers are due to receive their shares on July 15, while employees are scheduled for December 15, all at ¥3,285 a share. That makes this filing notable less for the board allotment than for the scale of employee participation.
Daiichi Construction Kogyo said the grants are funded through monetary compensation claims contributed in kind, with amounts set after considering each recipient's contribution and other factors. For directors and executive officers, transfer restrictions run from July 15 until the recipient leaves all roles at the company, and full release is tied to staying in post until the next annual shareholders meeting. For employees, the restriction starts on December 15 and lasts until retirement. The company said the issuance would equal 0.19% of shares outstanding, which it described as limited dilution.