MUFG (MUFG) executive reports stock and performance-based plan points
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Mitsubishi UFJ Financial Group (MUFG) executive Ueno Yoshiaki has filed an initial ownership report detailing his equity-based interests. The filing shows direct holdings of 16,100 shares of common stock and several blocks of “Stock Compensation Plan Points” that are each exchangeable on a one-for-one basis into common shares under MUFG’s stock compensation plan.
As of April 1, 2026, he holds non-adjustable points, annual performance-based points, and is entitled to additional monthly and future performance-based points, all subject to clawback and forfeiture for cause. Shares underlying these points are held in a board incentive plan trust, which will sell 50% of the shares in pre-arranged open-market transactions in Japan at specified future dates, delivering the resulting cash and remaining shares to him after retirement or plan periods end.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Ueno Yoshiaki
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 — 59,154 shares (Direct);
Common Stock — 16,100 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: 59,154 points
Monthly non-adjustable points: 966 points
Annual performance-based points: 2,396 points
+4 more
7 metrics
Non-adjustable points
59,154 points
Aggregate non-adjustable stock compensation plan points as of April 1, 2026
Monthly non-adjustable points
966 points
Aggregate non-adjustable points to be received in equal monthly installments to June 2026
Annual performance-based points
2,396 points
Aggregate annual performance-based points as of April 1, 2026, granted June 1, 2025
Common stock held
16,100 shares
Direct MUFG common stock holdings following reported positions
Performance adjustment range
0%–150%
Adjustment range for certain annual and medium-term performance-based points
Business plan end date
March 31, 2027
End of MUFG’s three-year medium-term business plan period governing performance points
Key grant date
June 1, 2025
Grant date of annual performance-based points based on July 2024–June 2025 performance
Key Terms
stock compensation plan, clawback, board incentive plan trust, annual performance-based points, +2 more
6 terms
stock compensation plan financial
"under the Issuer's stock compensation plan (the "Plan")"
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.
board incentive plan trust financial
"shares to be exchanged for the received points are held by a board incentive plan trust"
annual performance-based points financial
"Represents the aggregate annual performance-based points held by the reporting person"
medium-term performance-based points financial
"the reporting person is entitled to medium-term performance-based points based on the reporting person's performance"
pre-arranged open market sale financial
"will be sold by the trust through pre-arranged open market sale in Japan"
FAQ
What does MUFG Form 3 show about Ueno Yoshiaki’s holdings?
The Form 3 shows Ueno Yoshiaki directly holds 16,100 MUFG common shares plus several blocks of stock compensation plan points. These points are designed to convert one-for-one into MUFG common stock at future dates under the company’s stock compensation plan.
How many MUFG stock compensation plan points does Ueno hold or expect to receive?
The filing reports 59,154 non-adjustable points, 966 non-adjustable points to be received in monthly installments, and 2,396 annual performance-based points. Each point is generally exchangeable for one MUFG common share, subject to plan conditions and potential clawback or forfeiture.
When can MUFG stock compensation plan points be exchanged into common stock?
Non-adjustable points are exchangeable following the executive’s retirement from the relevant position. Annual and medium-term performance-based points become exchangeable after MUFG’s three-year medium-term business plan period ending March 31, 2027, provided clawback and forfeiture conditions are not triggered.
How will MUFG deliver value from these stock compensation points to Ueno Yoshiaki?
Shares underlying the points are held in a board incentive plan trust. After retirement or plan completion, 50% of those shares will be sold through pre-arranged open market sales in Japan, and the net cash plus the remaining 50% in shares will be delivered to him.
Are MUFG performance-based points for 2025–2026 and the medium term fixed yet?
Annual performance-based points for July 2025–June 2026 and medium-term performance-based points for the three-year plan to March 31, 2027 will be determined later. Each is subject to an adjustment range from 0% to 150% based on performance criteria under MUFG’s stock compensation plan.