MUFG (MBFJF) executive details stock compensation points and shares in Form 3

Rhea-AI Filing Summary

MITSUBISHI UFJ FINANCIAL GROUP INC executive Keitaro Tsukiyama filed an initial Form 3, disclosing his current equity-related interests in the company. He directly holds stock compensation plan points that are exchangeable on a one-for-one basis into common stock, and also holds common shares outright.

The filing shows non-adjustable points tied to retirement and performance-based points linked to the issuer’s medium-term business plan ending on March 31, 2027, all generally subject to clawback and forfeiture for cause. A board incentive plan trust will hold the underlying shares and later sell 50% through pre-arranged open market transactions in Japan, delivering a mix of cash proceeds and remaining shares to Tsukiyama under the plan’s terms, alongside his directly held common stock position.

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

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1. Name and Address of Reporting Person^*

Tsukiyama Keitaro

(Last) (First) (Middle)

4-5, MARUNOUCHI 1-CHOME, CHIYODA-KU

(Street)

TOKYO JAPAN 100-8330

(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
MITSUBISHI UFJ FINANCIAL GROUP INC [ MUFG ]

3a. Foreign Trading Symbol
[8306 (TSE)]

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

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

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

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)
Common Stock	57,269	D

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
Stock Compensation Plan Points(1)	(1)	(1)	Common Stock	89,901	(1)	D
Stock Compensation Plan Points(2)	(2)	(2)	Common Stock	1,449	(2)	D
Stock Compensation Plan Points(3)(4)(5)	(3)(4)	(3)(4)	Common Stock	3,853	(3)(4)	D

Explanation of Responses:

1. Represents the aggregate non-adjustable points held by the reporting person as of March 18, 2026 under the Issuer's stock compensation plan (the "Plan"). Subject to clawback and forfeiture for cause, each non-adjustable point held under the Plan will be exchangeable for one share of the Issuer's common stock following the reporting person's retirement from the position with responsibilities based on which the points were granted. Prior to delivery, the shares to be exchanged for the received points are held by a board incentive plan trust, and 50% of such shares will be sold by the trust through pre-arranged open market sale in Japan in accordance with the Plan on a specific date following the reporting person's retirement from the relevant position. Net proceeds from such sale in cash, together with the remaining 50% in shares, will be delivered to the reporting person.

2. Represents the aggregate non-adjustable points that the reporting person is entitled to receive in equal monthly installments on the first day of each month during the reporting person's service period from the date hereof to June 2026.

3. Represents the aggregate annual performance-based points held by the reporting person as of March 18, 2026. These annual performance-based points were granted on June 1, 2025, based on certain performance criteria applied during the reporting person's service period from July 2024 to June 2025 under the Plan. Subject to clawback and forfeiture for cause, each annual performance-based point received under the Plan will be exchangeable for one share of the Issuer's common stock following the end of the Issuer's current three-year medium-term business plan period ending on March 31, 2027. Prior to delivery, the shares to be exchanged for the received points are held by a board incentive plan trust, and 50% of such shares will be sold by the trust through pre-arranged open market sale in Japan in accordance with the Plan on the tenth business day in June 2027. Net proceeds from such sale in cash, together with the remaining 50% in shares, will be delivered to the reporting person.

4. (Continued from footnote 3) Separate from the reported amounts, the reporting person is entitled to additional annual performance-based points based on the reporting person's performance during the service period from July 2025 to June 2026. Those annual performance points are subject to an adjustment ranging from 0% to 150% and will be determined and fixed in June 2026 and, subject to clawback and forfeiture for cause, will also be exchangeable into shares of the Issuer's common stock on a one for one basis following the end of the Issuer's current three-year medium-term business plan period ending on March 31, 2027 and delivered based on the same delivery terms as other annual performance-based points.

5. In addition to the non-adjustable points and annual performance-based points, the reporting person is entitled to medium-term performance-based points based on the reporting person's performance during the Issuer's current three-year medium-term business plan period ending March 31, 2027. These points are subject to an adjustment ranging from 0% to 150% and will be determined and fixed following the end of the Issuer's current three-year medium-term business plan period ending on March 31, 2027. Subject to clawback and forfeiture for cause, these medium-term performance-based points will also be exchangeable into shares of the Issuer's common stock on a one for one basis following the end of the Issuer's current three-year medium-term business plan period ending on March 31, 2027 and delivered based on the same delivery terms as annual performance-based points.

Remarks:

This statement on Form 3 is filed upon effectiveness of the U.S. Holding Foreign Insiders Accountable Act. Exhibit 24 - Power of Attorney

	/s/ Kazutaka Kato, by Power of Attorney	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 does the MUFG Form 3 filing by Keitaro Tsukiyama disclose?

The Form 3 discloses Keitaro Tsukiyama’s initial beneficial ownership in MUFG, including stock compensation plan points and directly held common shares. It outlines how these points can convert into common stock under the company’s long-term incentive plan.

How do MUFG stock compensation plan points work in Tsukiyama’s Form 3?

The filing explains that each point generally converts into one MUFG common share, subject to clawback and forfeiture for cause. Conversion and delivery depend on retirement or completion of performance periods defined in the company’s medium-term business plan.

What role does the board incentive plan trust play for MUFG stock points?

Before delivery, shares corresponding to the granted points are held by a board incentive plan trust. Under the plan, the trust will sell 50% of these shares through pre-arranged open market sales in Japan, then deliver cash proceeds plus the remaining shares to Tsukiyama.

How are MUFG annual performance-based points described in Tsukiyama’s filing?

Annual performance-based points were granted based on performance during a specified service period and relate to MUFG’s three-year business plan ending March 31, 2027. After that period, each point is generally exchangeable for one common share, with amounts adjustable between 0% and 150%.

What are MUFG medium-term performance-based points mentioned in the Form 3?

Medium-term performance-based points depend on performance over MUFG’s current three-year medium-term business plan ending March 31, 2027. After that period, these points, subject to a 0–150% adjustment range and clawback conditions, can be exchanged one-for-one into common shares with similar delivery terms.

Does Tsukiyama’s MUFG Form 3 show any stock market transactions?

The information reflects holdings and plan-based points rather than specific market trades. It describes how shares will later be sold by a trust through pre-arranged open market sales in Japan, with proceeds and remaining shares delivered to Tsukiyama under the incentive plan.