What are share-based compensation points in ORIX CORP’s Form 4 filing?

Share-based compensation points represent rights to receive ORIX CORP Common Stock. Each point equals one share, delivered under the company’s share-based compensation program, typically upon retirement, making them a form of deferred equity compensation rather than immediate share ownership.

How many share-based compensation points does Watanabe Hiroshi hold after this transaction?

After this transaction, Watanabe Hiroshi indirectly holds 13,000 share-based compensation points. This total reflects his accumulated rights under ORIX CORP’s share-based compensation program, all held via the Board Incentive Plan Trust, and not through direct common share ownership today.

How is the Board Incentive Plan Trust involved in ORIX CORP’s share-based compensation?

The Board Incentive Plan Trust holds share-based compensation points for the benefit of directors. In this filing, 2,000 additional points were credited to Watanabe Hiroshi through the trust, increasing his total indirect rights to 13,000 points linked to future Common Stock delivery.

ORIX CORP (NYSE: IX) director awarded 2,000 share-based compensation points

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

ORIX CORP director Watanabe Hiroshi reported a routine compensation-related transaction. A Board Incentive Plan Trust credited him with 2,000 share-based compensation points, each representing a right to receive one share of Common Stock upon retirement.

Following this award, his indirect holdings under the share-based compensation program total 13,000 points. The transaction is coded as an “other” derivative restructuring event, reflecting share-based compensation mechanics rather than an open‑market stock purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Watanabe Hiroshi

Role null

Type	Security	Shares	Price	Value
Other	Share-based Compensation Points	2,000	$0.00	--

Holdings After Transaction: Share-based Compensation Points — 13,000 shares (Indirect, By Board Incentive Plan Trust)

Footnotes (1)

Each point represents a right to receive one share of Common Stock. 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: 2,000 points Total points after transaction: 13,000 points Transaction price per point: 0.0000 +2 more

5 metrics

Share-based compensation points granted 2,000 points Other derivative transaction on 2026-06-23

Total points after transaction 13,000 points Indirect holdings via Board Incentive Plan Trust

Transaction price per point 0.0000 Compensation-related derivative, not an open-market trade

Underlying common shares 2,000 shares Each point equals one share of Common Stock

Derivative transaction count 1 transaction Classified as other/restructuring (code J)

Key Terms

Share-based Compensation Points, Board Incentive Plan Trust, derivative securities, Common Stock

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 under ORIX Corporation's share-based compensation program"

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.

Common Stock financial

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

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/25/2026 - 06:30 AM Accepted by SEC EDGAR 06/25/2026 - 06:30 AM

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^*

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. 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
	Officer (give title below)	Other (specify below)

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		2,000		⁽²⁾	⁽²⁾	Common Stock	2,000	$0	13,000	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.

	/s/ Tomohiko Ishihara as Attorney-in-Fact for Hiroshi Watanabe	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

FAQ

What insider transaction did ORIX CORP (IX) report for Watanabe Hiroshi?

ORIX CORP director Watanabe Hiroshi reported an “other” derivative transaction involving 2,000 share-based compensation points. These points are part of a compensation program and are held indirectly through a Board Incentive Plan Trust, rather than via an open-market trade.

Was there any open-market buying or selling of ORIX CORP (IX) shares in this Form 4?

No open-market buying or selling is reported. The Form 4 shows an “other” derivative transaction coded J, relating to 2,000 share-based compensation points granted under a board incentive plan, rather than a purchase or sale of existing ORIX CORP common shares on the market.