MUFG (MBFJF) details Jun Togawa stock and incentive plan holdings

Rhea-AI Filing Summary

Mitsubishi UFJ Financial Group filed an initial ownership report for officer Jun Togawa. The filing shows direct ownership of 132,800 shares of common stock and several blocks of stock compensation plan points that are each exchangeable into one common share under the issuer’s stock compensation plan.

These include 22,245 non-adjustable points, 1,740 non-adjustable points, and 5,284 annual performance-based points, all subject to clawback or forfeiture for cause. Delivery of shares tied to these points occurs after retirement or following the issuer’s three-year medium-term business plan period ending on March 31, 2027, with half of the related shares sold by a board incentive plan trust in pre-arranged open market sales in Japan and the remaining value delivered in a mix of cash and shares.

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^*

Togawa Jun

(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)
	See Remarks

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	132,800	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	22,245	(1)	D
Stock Compensation Plan Points(2)	(2)	(2)	Common Stock	1,740	(2)	D
Stock Compensation Plan Points(3)(4)(5)	(3)(4)	(3)(4)	Common Stock	5,284	(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:

Senior Managing Corporate Executive 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 (MBFJF) Form 3 filing for Jun Togawa show?

The Form 3 shows Jun Togawa’s initial beneficial ownership in Mitsubishi UFJ Financial Group, including 132,800 common shares and multiple blocks of stock compensation plan points that can convert one-for-one into common stock under the issuer’s stock compensation plan.

How many MUFG common shares does Jun Togawa directly hold in this Form 3?

The filing reports that Jun Togawa directly holds 132,800 shares of Mitsubishi UFJ Financial Group common stock. This position is separate from additional stock compensation plan points that may convert into further shares in the future under specified plan conditions.

What are MUFG stock compensation plan points reported for Jun Togawa?

The stock compensation plan points are units that, subject to clawback and forfeiture for cause, each convert into one MUFG common share. The filing lists non-adjustable points and performance-based points, which are tied to service periods and performance criteria under the company’s stock compensation plan.

When will Jun Togawa’s MUFG stock compensation points convert into shares?

Non-adjustable points convert into common shares after Jun Togawa retires from the relevant position. Annual and medium-term performance-based points convert after the three-year medium-term business plan period ending March 31, 2027, assuming plan conditions and clawback provisions are satisfied.

How are MUFG shares from stock compensation delivered to Jun Togawa?

Before delivery, shares linked to the points are held by a board incentive plan trust. Under the plan, 50% of these shares are sold through pre-arranged open market sales in Japan, and the resulting cash plus the remaining 50% in shares are delivered to Jun Togawa.

What performance period applies to Jun Togawa’s annual performance-based points at MUFG?

The filing states that reported annual performance-based points were granted June 1, 2025, based on performance from July 2024 to June 2025, under MUFG’s stock compensation plan, and are subject to clawback, forfeiture for cause, and later share exchange terms.