Fuso Chemical Grants Restricted Stock to Directors

Fuso Chemical Co., Ltd. (JP:4368) has released an update.

Fuso Chemical Co., Ltd. has decided to issue 7,414 shares of its treasury stock as restricted stock compensation to six of its Board Directors, excluding those on the Audit and Supervisory Committee and external directors. The allocation, approved by shareholders and set for August 16, 2024, is part of a plan designed to align the interests of directors with those of shareholders and incentivize long-term corporate value growth. The shares will be subject to transfer restrictions until the directors retire or until a set period post the end of the fiscal year following the allotment.

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