Mitsui OSKLines (JP:9104) has released an update.
Mitsui O.S.K. Lines, Ltd. has resolved to issue 60,800 new shares of common stock as restricted compensation to directors, executive officers, and employees of its wholly-owned subsidiary and the company itself. This move, part of the company’s non-performance-linked restricted stock plan introduced in 2022, aims to incentivize long-term corporate value improvement and align interests with shareholders. Recipients are required to contribute their cash compensation claims in exchange for these shares, which are non-transferable for a set period.
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