Renesas Electronics Co., Ltd. (Representative Executive Officer, President and CEO: Hidetoshi Shibata; hereinafter referred to as “the Company”) The Restricted Stock Unit (hereinafter referred to as “RSU”) was resolved at the Board of Directors meeting dated 2024/4/8. and performance share units (hereinafter referred to as “PSU”) Disposal of treasury stock based on (hereinafter referred to as “book treasury stock disposal”) The payment procedure will be completed on 2024/4/4/30 and 5/1, but there are changes in the number of shares to be disposed of, etc. that were originally planned due to partial loss of rights, so we would like to inform you as follows.
Please note that details regarding this treasury stock disposition are as of 2024/4/8”Notice Concerning Disposal of Treasury Shares Based on Restricted Stock Units (RSUs) and Performance Share Units (PSU)Please refer to”.
Note
1. Details of changes in the disposition summary (changes are underlined)
After the change | Before the change | |
| (1) Payment due date | 2024/4/30 (hereinafter referred to as the “4/30 payment amount” for the disposal of this treasury stock in connection with 2024/4/30 payment) and 2024/5/1 (Hereafter, the disposal of the principal treasury stock relating to 2024/5/1 payment is called the “5/1 payment amount.”) | 2024/4/30 (hereinafter referred to as the “4/30 payment amount” for the disposal of this treasury stock in connection with 2024/4/30 payment) and 2024/5/1 (Hereafter, the disposal of the principal treasury stock relating to 2024/5/1 payment is called the “5/1 payment amount.”) |
| (2) Type and number of shares to be disposed of | ＜4/30 payment＞ ＜For payments made on 5/1＞ | ＜4/30 payment＞ ＜For payments made on 5/1＞ |
| (3) Disposal price | ＜4/30 payment＞ ＜For payments made on 5/1＞ | ＜4/30 payment＞ ＜For payments made on 5/1＞ |
| (4) Total disposal price | ＜4/30 payment＞ ＜For payments made on 5/1＞ | ＜4/30 payment＞ ＜For payments made on 5/1＞ |
| (5) Appointment destination | ＜4/30 payment＞ ＜For payments made on 5/1＞ | ＜4/30 payment＞ ＜For payments made on 5/1＞ |
| (6) Others | Of this treasury stock disposition, domestic offerings (1,143,000 shares out of 4/30 payments and 5/1 payments)355,500Total stocks1,498,500Shares) are subject to the entry into force of securities registration documents in accordance with the Financial Instruments and Exchange Act. | Among these treasury stock dispositions, domestic offerings (total 1,499,400 shares of 1,143,000 shares paid on April 30 and 356,400 shares paid on 5/1) are subject to the entry into force of a securities registration statement in accordance with the Financial Instruments and Exchange Act. |
2. Reasons for the change
The difference between the number of people scheduled to be allocated and the actual results is that it was found that the 9 people who were scheduled to be allotted did not meet the requirements of RSU's vesting when deciding to dispose of this treasury stock, and loss of rights occurred.
3. Future outlook
The impact of this incident on financial results for the fiscal year ending 2024/12 is minor.
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