MITSUBISHI ELECTRIC CORPORATIONPUBLIC RELATIONS DIVISION

7-3, Marunouchi 2-chome, Chiyoda-ku, Tokyo, 100-8310 JapanFOR IMMEDIATE RELEASE

No. 3703
Media Inquiries
Public Relations Division
Mitsubishi Electric Corporation
prd.gnews@nk.MitsubishiElectric.co.jp
www.MitsubishiElectric.com/news/

Mitsubishi Electric Announces the Amount of Performance-based Stock
Compensation for Executive Officers and Executive Officers (Associate)
TOKYO, May 27, 2024 – Mitsubishi Electric Corporation (TOKYO: 6503) announced today the planned
amount of stock compensation for Executive Officers and Executive Officers (Associate) under theperformance-based stock compensation plan for the fiscal 2025. (The said amount of stock compensationrefers to the amount of trust money to be contributed to the Board Incentive Plan (BIP) Trust, which will beadopted for the performance-based stock compensation plan.) The details of the trust are as follows.
Details of the Trust Agreement(1) Type of trust:
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)

Trust of money other than that held in a money trust for separate
investment (third-party benefit trust)
Purpose of trust:
To incentivize Executive Officers and Executive Officers (Associate)
Consignor:
Mitsubishi Electric Corporation
Trustee:
Mitsubishi UFJ Trust and Banking Corporation(Co-trustee: The Master Trust Bank of Japan, Ltd.)
Beneficiary:
Executive Officers and Executive Officers (Associate) who satisfy therequirements as beneficiary
Trust executor:
Third party (certified public accountant) with no interest in Mitsubishi
Electric Corporation
Trust agreement date:
May 30, 2024 (scheduled)Term of trust:May 30, 2024 (scheduled) to August 31, 2027 (scheduled)
Scheduled amount of trust fund: 1,292,205 thousand yen1, 2(Reference) Amount of stock compensation for Executive Officers and Executive Officers (Associate)
For Executive Officers: Stock compensation for fiscal 2025: 782,400 thousand yen3
For Executive Officers (Associate): Stock compensation for fiscal 2025: 252,000 thousand yen
Notes:
1) The scheduled trust fund amount includes the residual assets to be
succeeded from the existing BIP Trust.
2) The scheduled amount of trust fund includes trust fees and trust
expenses as well as the amount affected by stock price fluctuations
at the time of stock acquisition, and therefore does not match thetotal amount of stock-based compensation for Executive Officers
and Executive Officers (Associate)
1/23) The amount indicated is the total amount of the PSU portion ofstock-based compensation at its maximum award rate (200%) andthe RSU portion of stock-based compensation.
(10) Type of shares to be acquired: Common stock of Mitsubishi Electric Corporation(11) Method of acquisition of shares: To be acquired from the stock market(12) Time of acquisition of shares:June 4, 2024 (scheduled)—June 14, 2024 (scheduled)(13) Vested rights holders:
Mitsubishi Electric Corporation(14) Exercise of voting rights:
Voting rights shall not be exercised.
(15) Residual assets:
The residual assets to be received by Mitsubishi Electric Corporation,
as the vested right holder, shall be within the amount of Trust Expense
Reserve, which is the amount of the Trust Fund excluding the funds forshare acquisition.
Note: Details of the performance-based stock compensation plan, other than the matters described above, were disclosed in the“Notice of Revised Compensation Scheme for the Company’s Executive Officers” on May 25, 2022.

###About Mitsubishi Electric Corporation
With more than 100 years of experience in providing reliable, high-quality products, Mitsubishi ElectricCorporation (TOKYO: 6503) is a recognized world leader in the manufacture, marketing and sales of electricaland electronic equipment used in information processing and communications, space development and satellite
communications, consumer electronics, industrial technology, energy, transportation and building equipment.
Mitsubishi Electric enriches society with technology in the spirit of its “Changes for the Better.” The company
recorded a revenue of 5,257.9 billion yen (U.S.$ 34.8 billion*) in the fiscal year ended March 31, 2024. For
more information, please visit www.MitsubishiElectric.com*U.S. dollar amounts are translated from yen at the rate of ¥151=U.S.$1, the approximate rate on the Tokyo
Foreign Exchange Market on March 31, 2024

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