Mitsubishi UFJ (MBFJF) executive reports stock and incentive plan points

Rhea-AI Filing Summary

Mitsubishi UFJ Financial Group Managing Corporate Executive Toshiki Ochi filed an initial insider ownership report. He directly holds 46,900 shares of common stock and multiple blocks of stock compensation plan points that are each exchangeable into one common share under the company’s stock compensation plan.

The footnotes explain that non-adjustable and performance-based points may convert to shares after retirement or after the current three-year medium-term business plan ending on March 31, 2027, 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 50% in shares to Ochi.

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^*

Ochi Toshiki

(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	46,900	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	93,353	(1)	D
Stock Compensation Plan Points(2)	(2)	(2)	Common Stock	483	(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 Toshiki Ochi’s Form 3 filing for MITSUBISHI UFJ (MBFJF) report?

The Form 3 shows Toshiki Ochi’s initial insider holdings at Mitsubishi UFJ, including 46,900 common shares and several blocks of stock compensation plan points. Each point can convert into one common share under the company’s stock compensation plan, subject to specified conditions and timing.

How many MUFG common shares does Toshiki Ochi directly hold in this Form 3?

Toshiki Ochi directly holds 46,900 shares of Mitsubishi UFJ common stock. This position is reported as a direct ownership holding and is separate from his various stock compensation plan points, which may later convert into additional shares under the plan’s terms.

What are MUFG stock compensation plan points reported in Toshiki Ochi’s Form 3?

Stock compensation plan points are awards that can later be exchanged one-for-one into Mitsubishi UFJ common shares. They include non-adjustable, annual performance-based, and medium-term performance-based points, each tied to service or performance periods and subject to clawback and forfeiture for cause.

When can Toshiki Ochi’s non-adjustable points in MUFG’s plan be exchanged for shares?

Non-adjustable points can be exchanged for Mitsubishi UFJ common shares following Ochi’s retirement from the position linked to those grants. Until then, corresponding shares are held in a board incentive plan trust, which manages eventual sales and deliveries according to the plan’s detailed rules.

How do MUFG annual performance-based points for Toshiki Ochi vest and convert?

Annual performance-based points were granted for specific service periods and become exchangeable into common shares after the current three-year medium-term business plan ending March 31, 2027. These awards are subject to performance-based adjustments from 0% to 150% and to clawback and forfeiture for cause.

What role does the board incentive plan trust play in MUFG’s stock compensation for Toshiki Ochi?

The board incentive plan trust holds shares underlying Ochi’s points until conversion and delivery. When delivery occurs, 50% of the shares are sold through pre-arranged open market sales in Japan, and Ochi receives the cash proceeds plus the remaining 50% as shares, under the plan’s terms.