Yamato Kogyo will dispose of 1,576 treasury shares on July 24 as restricted stock compensation for one parent-company executive officer, four subsidiary directors and four subsidiary executive officers. The shares are priced at ¥12,100 each, matching the June 25 Tokyo Stock Exchange close, for a total award of about ¥19.1mn. The company said that price was based on the last market close before the board resolution and was not a specially favourable valuation.
| Recipient group | People | Shares |
|---|---|---|
| Parent-company executive officer | 1 | 100 |
| Subsidiary directors | 4 | 1,076 |
| Subsidiary executive officers | 4 | 400 |
The filing also spells out the service periods behind the award. Yamato said the parent-company executive officer and subsidiary executive officers are receiving the stock for service from July 1, 2026 to June 30, 2027. The subsidiary directors' allocation covers the period from the subsidiary's annual shareholders' meeting held in June 2026 to the meeting scheduled for June 2027. The company said each person's allocation was set after considering contribution levels and other factors across the group. Recipients have been granted cash compensation claims totaling about ¥19.1mn, and they will contribute those claims in kind to receive the shares.
The holding conditions are explicit. During the restricted period, recipients cannot transfer, pledge, gift or otherwise dispose of the shares. For the executive-officer recipients, full release depends on staying continuously in the designated role through June 30, 2027. For subsidiary directors, the comparable cutoff is the first annual shareholders' meeting date of the subsidiary after the restricted period begins. The shares must also be kept in an account at a securities firm designated by Yamato until the restrictions are lifted.
If a recipient leaves earlier and the board does not accept the reason as justified, Yamato will reacquire the shares for no consideration at the time of departure. If the board does accept the reason, only a pro-rated portion can be released. The filing also sets time-based treatment if a merger, share exchange or other reorganisation is approved while the restriction period is still running.
For investors, the practical takeaway is how Yamato is using treasury stock to link compensation and tenure across the parent company and subsidiaries. What the filing does not show is whether this structure is new, how it compares with earlier grants, or which individuals are receiving the stock.