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Tokyo, Published date 23 April, 2019

Issuance of New Shares as Restricted Stock Compensation

Select category Corporate News

Issuance of New Shares as Restricted Stock Compensation

Tokyo, April 23, 2019 --- Hitachi, Ltd. (TSE: 6501, “Hitachi” or the “Company”) announced that, pursuant to the decision made by the President in accordance with the authority delegated by the resolution of the Board of Directors, Hitachi decided to issue new shares as restricted stock compensation to Executive Officers and Corporate Officers (the “Eligible Persons”), as described below (the “Issuance of New Shares”). On March 28, 2019, Hitachi already announced its policy to adopt restricted stock compensation plan in place of the stock options as stock-based compensation Hitachi has granted so far.

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