MUFG (MUFG) executive reports stock and incentive point holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Mitsubishi UFJ Financial Group executive Miki Katayama filed an initial ownership report showing compensation-linked interests in the company. As of April 1, 2026, Katayama holds 13,800 shares of common stock directly and several blocks of stock compensation plan points tied to future share delivery.
The filing lists 50,489 non-adjustable points already held, 8,513 non-adjustable points to be received in equal monthly installments through June 2026, and 1,662 annual performance-based points granted for performance from July 2024 to June 2025. Each point can convert into one share of common stock under the issuer’s stock compensation plan, subject to clawback and forfeiture provisions.
According to the plan, shares for these points are held in a board incentive plan trust until delivery. When delivery occurs, 50% of the shares will be sold in pre-arranged open market sales in Japan, and the executive will receive the net cash proceeds plus the remaining 50% of the shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Katayama Miki
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 — 50,489 shares (Direct);
Common Stock — 13,800 shares (Direct)
Footnotes (1)
- Represents the aggregate non-adjustable points held by the reporting person as of April 1, 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 April 1, 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.
Key Figures
Non-adjustable points held: 50,489 points
Non-adjustable points to be received: 8,513 points
Annual performance-based points: 1,662 points
+3 more
6 metrics
Non-adjustable points held
50,489 points
Aggregate non-adjustable points as of April 1, 2026
Non-adjustable points to be received
8,513 points
To be received in equal monthly installments through June 2026
Annual performance-based points
1,662 points
Annual performance-based points as of April 1, 2026
Common stock held
13,800 shares
Direct common stock holdings as of April 1, 2026
Medium-term business plan end
March 31, 2027
End of MUFG’s three-year medium-term business plan period
Scheduled sale date
June 2027 (tenth business day)
Sale date for shares linked to annual performance-based points
Key Terms
stock compensation plan, board incentive plan trust, clawback, annual performance-based points, +1 more
5 terms
stock compensation plan financial
"under the Issuer's stock compensation plan (the "Plan"). Subject to clawback"
board incentive plan trust financial
"shares to be exchanged for the received points are held by a board incentive plan trust"
clawback financial
"Subject to clawback and forfeiture for cause, each non-adjustable point"
A clawback is a contractual or legal right to recover money that was already paid out—often executive bonuses, incentives, or erroneous payments—when certain conditions change, such as fraud, accounting mistakes, or failure to meet performance targets. It matters to investors because clawbacks protect shareholder value by discouraging risky or misleading behavior, can affect future cash flow and executive incentives, and signal stronger governance, much like a store recalling a refund after discovering it was issued in error.
annual performance-based points financial
"Represents the aggregate annual performance-based points held by the reporting person"
medium-term business plan period financial
"Issuer's current three-year medium-term business plan period ending on March 31, 2027"
FAQ
What does MUFG’s Form 3 filing for Miki Katayama show?
It shows Katayama’s initial beneficial ownership in MUFG, including 13,800 common shares and multiple stock compensation plan points convertible into shares. These positions are part of a structured incentive plan with future delivery and clawback provisions.
How many MUFG stock compensation points does Miki Katayama hold?
Katayama holds 50,489 non-adjustable points and 1,662 annual performance-based points as of April 1, 2026, plus 8,513 non-adjustable points to be received monthly through June 2026. Each point can be exchanged for one MUFG common share under the compensation plan.
What performance period underlies Miki Katayama’s annual performance-based points at MUFG?
The 1,662 annual performance-based points disclosed were granted on June 1, 2025, based on performance from July 2024 to June 2025. Additional annual performance-based points for July 2025 to June 2026 will be fixed in June 2026 with a 0%–150% adjustment range.
What are MUFG medium-term performance-based points mentioned in the Form 3?
Medium-term performance-based points depend on performance over MUFG’s three-year medium-term business plan period ending March 31, 2027. After the period, these points are set within a 0%–150% adjustment range and can convert one-for-one into common shares, subject to clawback and similar delivery terms.