ORIX (NYSE: IX) director discloses 11,000 share-based compensation points

Rhea-AI Filing Summary

ORIX Corporation director Hiroshi Watanabe filed an initial ownership report showing indirect rights to 11,000 share-based compensation points. These are held through a Board Incentive Plan Trust. Each point represents a right to receive one share of ORIX common stock, generally deliverable upon retirement, with no exercise price.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Watanabe Hiroshi

Role Director

Type	Security	Shares	Price	Value
holding	Share-based Compensation Points	--	--	--

Holdings After Transaction: Share-based Compensation Points — 11,000 shares (Indirect, By Board Incentive Plan Trust)

Footnotes (1)

1. The reported derivative securities represent share-based compensation granted under ORIX Corporation's share-based compensation program, which entitles the Reporting Person to receive the stated amount of Common Stock upon retirement. Each point represents a right to receive one share of Common Stock.

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
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1. Name and Address of Reporting Person^*

Watanabe Hiroshi

(Last) (First) (Middle)

WORLD TRADE CENTER BUILDING, SOUTH TOWER

2-4-1 HAMAMATSU-CHO, MINATO-KU

(Street)

TOKYO JAPAN 105-5135

(City) (State) (Zip)

JAPAN

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
ORIX CORP [ IX ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Share-based Compensation Points	(1)	(1)	Common Stock	11,000	(2)	I	By Board Incentive Plan Trust

Explanation of Responses:

1. The reported derivative securities represent share-based compensation granted under ORIX Corporation's share-based compensation program, which entitles the Reporting Person to receive the stated amount of Common Stock upon retirement.

2. Each point represents a right to receive one share of Common Stock.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

	/s/ Tomohiko Ishihara, as Attorney-in-Fact for Hiroshi Watanabe	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What did ORIX (IX) director Hiroshi Watanabe report in this Form 3?

Hiroshi Watanabe reported indirect ownership of 11,000 share-based compensation points tied to ORIX common stock. These points are part of the company’s share-based compensation program and reflect his initial disclosed beneficial interest.

How do the share-based compensation points work for ORIX (IX)?

Each point represents a right to receive one share of ORIX common stock. Under the company’s share-based compensation program, the director becomes entitled to the stated amount of stock, generally deliverable upon retirement, rather than as immediate shares.

Are Hiroshi Watanabe’s ORIX (IX) compensation points held directly or indirectly?

The 11,000 share-based compensation points are held indirectly through a Board Incentive Plan Trust. The Form 3 specifies the nature of ownership as “By Board Incentive Plan Trust,” indicating the trust structure holds the rights on his behalf.

What is the exercise price of the ORIX (IX) share-based compensation points?

The share-based compensation points have an exercise price of 0.0000 per underlying share. This means the director does not pay an additional purchase price when receiving the common stock associated with these compensation points upon retirement.

Does this ORIX (IX) Form 3 show any share purchases or sales?

The Form 3 does not show any share purchases or sales. It reports a holding of 11,000 share-based compensation points as derivative securities, reflecting compensation-related rights to future ORIX common stock rather than current trading activity.

What underlying security is linked to ORIX (IX) share-based compensation points?

The reported share-based compensation points are linked to ORIX common stock as the underlying security. When settled, each point entitles the director to receive one share of common stock, consistent with the company’s share-based compensation program.