MUFG (MBFJF) executive details stock compensation and performance points in Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Mitsubishi UFJ Financial Group executive Katsunori Yokomaku filed an initial ownership report showing direct holdings of common stock and multiple tranches of stock compensation plan points. These points are generally exchangeable on a one-for-one basis into common shares under the issuer’s stock compensation plan.
Non-adjustable points can be exchanged for shares after he retires from the position on which the grants were based, subject to clawback and forfeiture for cause. Before delivery, shares corresponding to these points are held in a board incentive plan trust, which will sell 50% of the shares through pre-arranged open market sales in Japan, delivering cash proceeds plus the remaining shares to him.
He also has annual and medium-term performance-based points tied to service and performance periods running through March 31, 2027, with potential adjustment from 0% to 150%. These points are likewise subject to clawback and will be exchanged into common shares after the current three-year medium-term business plan period ends, with delivery terms similar to the other performance-based awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Yokomaku Katsunori
Role
Managing Corporate Executive
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Compensation Plan Points | -- | -- | -- |
| holding | Stock Compensation Plan Points | -- | -- | -- |
| holding | Stock Compensation Plan Points | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Compensation Plan Points — 60,413 shares (Direct);
Common Stock — 29,317 shares (Direct)
Footnotes (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. 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. 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. (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. 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.
FAQ
What does the MUFG (MBFJF) Form 3 filing by Katsunori Yokomaku show?
The Form 3 shows that Katsunori Yokomaku, a Managing Corporate Executive, holds MUFG common stock and various stock compensation plan points. These points can convert into common shares according to service, retirement, and performance conditions defined in the company’s stock compensation plan.
How do MUFG stock compensation plan points work for Katsunori Yokomaku?
Each stock compensation plan point is generally exchangeable for one MUFG common share once specific conditions are met. Conditions include retirement or completion of a defined business plan period, and all awards are subject to clawback and forfeiture for cause under the plan’s rules.
What are MUFG non-adjustable points disclosed in this Form 3?
Non-adjustable points represent fixed awards under MUFG’s stock compensation plan held as of March 18, 2026. After Yokomaku retires from the relevant position, each point can convert into one common share, with 50% of corresponding shares sold by a trust and proceeds plus remaining shares delivered to him.
What are MUFG annual performance-based points reported for Katsunori Yokomaku?
Annual performance-based points were granted June 1, 2025, based on performance from July 2024 to June 2025. These points can be adjusted between 0% and 150% and will convert into MUFG common shares after the three-year medium-term business plan ends on March 31, 2027.
What are MUFG medium-term performance-based points mentioned in the filing?
Medium-term performance-based points depend on performance over MUFG’s three-year medium-term business plan ending March 31, 2027. After that period, the points are set, may be adjusted from 0% to 150%, and can be exchanged one-for-one into common shares, with delivery terms matching annual performance-based points.