Hitachi, Ltd.
Notice on Introduction of “Executive Compensation BIP Trust” Related to Executive Stock Compensation Plan
Hitachi revises part of its executive compensation system to use RSUs/PSUs and introduces a delivery and management scheme utilizing a BIP trust. The company will work with Mitsubishi UFJ Trust and Banking Corporation; voting rights will not be exercised during the trust period, which is initially set from 2026-11-12 to the end of November 2028.
Key Figures
- Total amount of shares to be acquired: 26,258 million yen
- Trust agreement date: 2026-11-12
- Trust period: 2026-11-12 ～ 2028-11-end
AI要約
Overview of the Scheme Introduction
Hitachi, following the decision of the Remuneration Committee, will revise its stock-based compensation plan for executive officers and directors to RSUs/PSUs and adopt an administrative operation scheme using a BIP trust. RSUs will be granted to directors as well, with delivery implemented through the trust. The trust trustee will be Mitsubishi UFJ Trust and Banking Corporation, the co-trustee will be The Master Trust Bank of Japan, Ltd., and trust expenses will be borne by the company.
Trust Operation, Financial Impact and Future Steps
During the trust period, fixed annual grants of RSUs and PSUs will be made; RSUs vest over three fiscal years, and PSUs vest based on performance conditions. Shares held in the trust will not exercise voting rights, and treatment of residual shares at trust expiration will be considered (continued use or cancellation, etc.). Residual cash will be handled at trust termination, and any surplus at termination is planned to be donated.
Hitachi, Ltd.
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