Mizuho (NYSE: MFG) officer exercises phantom stock units and returns shares to issuer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mizuho Financial Group officer Shuji Matsuura reported compensation-related stock movements involving common stock and phantom stock units on July 1, 2026. He exercised derivative awards tied to phantom stock units to acquire 3,995 shares of common stock and then returned 1,598 common shares to the issuer in a disposition transaction. Following these moves, he directly held 14,598 common shares.
The filing shows multiple phantom stock unit awards converting into common stock at a conversion price of $0.00 per unit, with remaining phantom units continuing to vest in three equal installments beginning on July 1, 2025 and July 1, 2026. Footnotes explain that each phantom stock unit represents a contingent right to receive one share of common stock, settled in cash or stock at the company’s election, and that a vested portion was settled in cash based on a price per share of JPY7,814 using a stated exchange rate.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,995 shares exercised/converted
Mixed
5 txns
Insider
Matsuura Shuji
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Stock Units | 1,315 | $0.00 | -- |
| Exercise | Phantom Stock Units | 1,415 | $0.00 | -- |
| Exercise | Phantom Stock Units | 1,265 | $0.00 | -- |
| Exercise | Common Stock | 3,995 | $0.00 | -- |
| Disposition | Common Stock | 1,598 | $76,960.07 | $122.98M |
Holdings After Transaction:
Phantom Stock Units — 2,632 shares (Direct, null);
Common Stock — 16,196 shares (Direct, null)
Footnotes (1)
- Each phantom stock unit represents a contingent right to receive one share of Issuer Common Stock, which will be settled in cash or common stock upon settlement at the Issuer's election. Represents the portion of the phantom stock units that vested and being settled in cash. The price reported herein was converted from Japanese yen to United States dollars at a conversion price of JPY 1 to U.S. $0.006163328. These shares were disposed of at a price per share of JPY7,814. These phantom stock units vest in three equal installments beginning July 1, 2026. These phantom stock units vest in three equal installments beginning July 1, 2025. These phantom stock units vested on July 1, 2026.
Key Figures
Common shares disposed: 1,598 shares
Disposition price per share: $76,960.07 per share
Common shares acquired via exercise: 3,995 shares
+5 more
8 metrics
Common shares disposed
1,598 shares
Disposition to issuer on July 1, 2026
Disposition price per share
$76,960.07 per share
Common stock disposition back to issuer
Common shares acquired via exercise
3,995 shares
Exercise or conversion of derivative securities
Common shares held after transactions
14,598 shares
Direct ownership following July 1, 2026 activity
Remaining phantom stock units (grant 1)
1,416 units
Phantom stock units after exercise/conversion
Remaining phantom stock units (grant 2)
2,632 units
Phantom stock units after exercise/conversion
FX conversion rate
JPY 1 = $0.006163328
Used to convert JPY7,814 per share into U.S. dollars
JPY per share reference
JPY7,814 per share
Price used for cash settlement of vested phantom units
Key Terms
Phantom Stock Units, contingent right to receive one share, Exercise or conversion of derivative security, Disposition to issuer, +1 more
5 terms
Phantom Stock Units financial
"security_title: "Phantom Stock Units" and footnote describing contingent right to receive stock"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
Disposition to issuer financial
"transaction_code_description: "Disposition to issuer" for common stock"
vest in three equal installments financial
"These phantom stock units vest in three equal installments beginning July 1, 2026."
FAQ
What did Mizuho Financial Group (MFG) officer Shuji Matsuura report in this Form 4?
Shuji Matsuura reported exercises of phantom stock units into common stock and a related disposition of common shares to the issuer. These transactions reflect compensation-related activity rather than open-market trading, adjusting his mix of phantom units and directly held Mizuho common stock.
What are the phantom stock units referenced in the Mizuho (MFG) Form 4?
Each phantom stock unit represents a contingent right to receive one share of Mizuho common stock. According to the footnotes, units are ultimately settled in cash or common stock at the company’s election, effectively tracking the value of Mizuho shares for compensation purposes.
What vesting schedule applies to the Mizuho (MFG) phantom stock units in this Form 4?
The filing states that certain phantom stock units vest in three equal installments beginning July 1, 2025, and others vest in three equal installments beginning July 1, 2026. Another tranche is disclosed as having vested on July 1, 2026, triggering part of the reported settlement activity.
Was any portion of the Mizuho (MFG) phantom stock settled in cash?
Yes. A footnote explains that part of the phantom stock units that vested was settled in cash. The price used was JPY7,814 per share, converted to U.S. dollars at a rate of JPY 1 to $0.006163328 for the reported transaction value.
How many Mizuho (MFG) phantom stock units remain after these transactions?
After the reported exercises, one phantom stock unit line shows a balance of 1,416 units and another shows 2,632 units. These remaining phantom stock units continue to represent contingent rights to receive Mizuho common stock as they vest under their stated schedules.