MUFG (NYSE: MUFG) director details stock and compensation plan point holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Mitsubishi UFJ Financial Group director Kanie Norio filed an initial ownership report showing existing equity interests. He directly holds 35,300 shares of common stock. He also holds stock compensation plan points that can each convert into one share of common stock, including 8,634 non-adjustable points and 29,261 performance-based points. These awards are subject to clawback and forfeiture for cause and become deliverable after retirement or following the company’s three-year medium-term business plan period ending on March 31, 2027. Under the plan, a trust will sell 50% of the underlying shares through pre-arranged open market sales in Japan, delivering cash from those sales plus the remaining shares to him.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Kanie Norio
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Compensation Plan Points | -- | -- | -- |
| holding | Stock Compensation Plan Points | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Compensation Plan Points — 29,261 shares (Direct, null);
Common Stock — 35,300 shares (Direct, null)
Footnotes (1)
- Represents the aggregate non-adjustable points held by the reporting person as of June 26, 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 an aggregate of annual performance-based points consisting of (i) points granted on June 1, 2025, based on certain performance criteria applied during the reporting person's service period from July 2024 to June 2025, and (ii) points granted on June 1, 2026, based on certain performance criteria applied during the reporting person's service period from July 2025 to June 2026, in each case under the Issuer's stock compensation plan (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, (Continued from footnote 2)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. 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
Direct common stock holdings: 35,300 shares
Non-adjustable plan points: 8,634 points
Annual performance-based points: 29,261 points
+3 more
6 metrics
Direct common stock holdings
35,300 shares
Total shares following reporting on June 26, 2026
Non-adjustable plan points
8,634 points
Each point exchangeable for one MUFG common share
Annual performance-based points
29,261 points
Based on performance periods July 2024–June 2026
Plan performance adjustment range
0% to 150%
Medium-term performance-based points adjustment range
Medium-term plan end date
March 31, 2027
End of current three-year medium-term business plan
Trust sale proportion
50% of shares
Portion sold by trust in pre-arranged open market sales
Key Terms
stock compensation plan points, clawback and forfeiture for cause, board incentive plan trust, annual performance-based points, +2 more
6 terms
stock compensation plan points financial
"Represents the aggregate non-adjustable points held by the reporting person as of June 26, 2026 under the Issuer's stock compensation plan"
clawback and forfeiture for cause financial
"Subject to clawback and forfeiture for cause, each non-adjustable point held under the Plan will be exchangeable"
board incentive plan trust financial
"Prior to delivery, the shares to be exchanged for the received points are held by a board incentive plan trust"
annual performance-based points financial
"Represents an aggregate of annual performance-based points consisting of (i) points granted on June 1, 2025"
medium-term performance-based points financial
"In addition to the non-adjustable points and annual performance-based points, the reporting person is entitled to medium-term performance-based points"
three-year medium-term business plan period financial
"during the Issuer's current three-year medium-term business plan period ending March 31, 2027"
FAQ
What did MUFG director Kanie Norio report in this Form 3 filing?
Kanie Norio reported his existing ownership in Mitsubishi UFJ Financial Group, including 35,300 common shares and multiple stock compensation plan points that can convert into common stock under the company’s board incentive plan structure.
What are MUFG stock compensation plan points held by Kanie Norio?
The stock compensation plan points are awards that each convert into one share of MUFG common stock. They include non-adjustable and performance-based points, are subject to clawback and forfeiture for cause, and are settled after specified retirement or plan periods.
Are MUFG stock compensation plan points subject to clawback or forfeiture?
Yes, both non-adjustable and performance-based points are subject to clawback and forfeiture for cause. This means MUFG can cancel or reclaim awards under specified conditions tied to conduct or other plan-defined triggers.