Money Forward (TYO:3994) will issue 204,372 new shares at 4,228 yen each, totaling 864.1 million yen, as restricted stock compensation, according to a Tuesday filing on the Tokyo Stock Exchange.
The payment date is set for April 18.
The issuance will be allocated to 145 employees of the company, receiving 80,277 shares. Additionally, five directors of subsidiaries will receive 35,499 shares, while 95 subsidiary employees will get 88,596 shares.
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