MUFG (MBFJF) executive Seki details stock and incentive plan holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Mitsubishi UFJ Financial Group executive Hiroyuki Seki filed an initial ownership report showing holdings in common stock and stock compensation plan points. He directly holds 54,450 shares of common stock. He also holds non-adjustable and performance-based stock compensation plan points that are generally exchangeable on a one-for-one basis into common shares after retirement or after the medium-term business plan period ending on March 31, 2027, subject to clawback and forfeiture conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Seki Hiroyuki
Role
See Remarks
| 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 — 176,257 shares (Direct);
Common Stock — 54,450 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 Hiroyuki Seki report?
The Form 3 filing reports Hiroyuki Seki’s initial ownership in MUFG securities. It shows direct holdings of common stock and multiple categories of stock compensation plan points that may later convert into common shares under specified conditions and dates.
What are MUFG stock compensation plan points disclosed in Hiroyuki Seki’s Form 3?
The stock compensation plan points are awards under MUFG’s stock compensation plan. Each point is generally exchangeable for one common share, subject to clawback or forfeiture. Some relate to service-based conditions, while others are performance-based over specified evaluation periods.
How are MUFG annual performance-based points for Hiroyuki Seki structured and delivered?
Annual performance-based points were granted based on service and performance criteria over defined periods. Subject to clawback and forfeiture, each point is exchangeable for one common share after MUFG’s three-year medium-term business plan ending March 31, 2027, with 50% sold by trust and 50% delivered in shares.
What are MUFG medium-term performance-based points described in Hiroyuki Seki’s 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, they are set within a 0%–150% adjustment range and, subject to clawback and forfeiture, become exchangeable into common shares on a one-for-one basis.
Mitsubishi Ufj Financial Group