What do the share-based compensation points at ORIX (IX) represent?

Each share-based compensation point represents a right to receive one share of ORIX Common Stock. Under the company’s share-based compensation program, the reported points entitle Shuji Irie to receive the stated amount of Common Stock upon retirement.

How many ORIX (IX) share-based compensation points were involved in this Form 4?

The Form 4 reports 37,370 share-based compensation points as a derivative transaction. These points correspond to an equal number of underlying ORIX Common Stock shares, based on the program’s one-point-to-one-share structure described in the footnotes.

Was there any cash price for the ORIX (IX) share-based compensation points?

The transaction lists a price per share of 0.0000 for the derivative points. This indicates the share-based compensation points were granted as compensation under ORIX’s program rather than purchased for cash in an open-market transaction.

ORIX director awarded 37,370 share rights

ORIX Corporation director and officer Shuji Irie reported a restructuring-type share-based compensation transaction.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

ORIX Corporation director and officer Shuji Irie reported a restructuring-type share-based compensation transaction. An entity described as a Board Incentive Plan Trust recorded 37,370 share-based compensation points, each representing a right to receive one share of Common Stock upon retirement. Following this grant, Irie is indirectly associated with 52,940 such points under ORIX’s share-based compensation program.

Insider Trade Summary

Other: 37,370 shares

Other 1 txn

Insider Irie Shuji

Role See Remarks

Type	Security	Shares	Price	Value
Other	Share-based Compensation Points	37,370	$0.00	$0.00

Holdings After Transaction: Share-based Compensation Points — 52,940 contracts (Indirect, By Board Incentive Plan Trust)

Footnotes (2)

F1. Each point represents a right to receive one share of Common Stock.
F2. 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.

Key Figures

Share-based compensation points granted: 37,370 points Underlying Common Stock shares: 37,370 shares Points after transaction: 52,940 points +1 more

4 metrics

Share-based compensation points granted 37,370 points Derivative transaction on 2026-06-23; each point = 1 share

Underlying Common Stock shares 37,370 shares One share per point under compensation program

Points after transaction 52,940 points Total share-based compensation points following transaction

Transaction price per point $0.0000 Compensation grant, not cash purchase

Key Terms

Share-based Compensation Points, Board Incentive Plan Trust, share-based compensation program, derivative securities

4 terms

Board Incentive Plan Trust financial

"nature_of_ownership: "By Board Incentive Plan Trust""

derivative securities financial

"The reported derivative securities represent share-based compensation granted"

Financial contracts whose value is tied to the price or performance of another asset, such as a stock, bond, commodity, index, or currency; examples include options, futures and swaps. They matter to investors because they let you protect against price swings, bet on future moves or gain larger exposure with less upfront cash—like using a lever or insurance policy on an investment—so they can amplify gains and losses and help manage portfolio risk.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did ORIX (IX) director Shuji Irie report?

Shuji Irie reported 37,370 share-based compensation points linked to ORIX stock. These are classified as an “other” derivative transaction under a Board Incentive Plan Trust, not an open-market buy or sale of Common Stock.

What is Shuji Irie’s position after this ORIX (IX) compensation transaction?

After the reported transaction, Shuji Irie is indirectly associated with 52,940 share-based compensation points. These points are held through a Board Incentive Plan Trust as part of ORIX Corporation’s share-based compensation program rather than as directly held Common Stock.

Is the ORIX (IX) insider transaction a buy or sell of stock?

The transaction is coded as “J,” an other acquisition or disposition, and marked as a derivative restructuring event. It involves share-based compensation points under a Board Incentive Plan Trust, not a straightforward open-market purchase or sale of ORIX Common Stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/25/2026 - 06:31 AM EDT

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Irie Shuji

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

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

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

2a. Foreign Trading Symbol
[TSE: 8591]

3. Date of Earliest Transaction (Month/Day/Year)
06/25/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Share-based Compensation Points	⁽¹⁾	06/23/2026		J		37,370		⁽²⁾	⁽²⁾	Common Stock	37,370	$0	52,940	I	By Board Incentive Plan Trust

Explanation of Responses:

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

2. 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.

Remarks:

Senior Managing Executive Officer Chief Operating Officer, Infrastructure Business Unit

	/s/ Tomohiko Ishihara as Attorney-in-Fact for Shuji Irie	06/25/2026
	** 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 4 (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 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR