MUFG (NYSE: MUFG) executive granted 5,796 stock plan points for 2026-27

Rhea-AI Filing Summary

Tokuma Kensuke reported acquisition or exercise transactions in this Form 4 filing.

Mitsubishi UFJ Financial Group reported that Managing Corporate Executive Kensuke Tokuma received a grant of 5,796 Stock Compensation Plan Points. Each point represents the right to receive one share of common stock after he retires from the role for which the points were granted.

The 5,796 points are to be delivered in equal monthly installments during his service period from July 2026 to June 2027. Following this award, Tokuma holds a total of 53,158 Stock Compensation Plan Points directly. Before delivery, the underlying shares are held in a board incentive plan trust.

After retirement, the trust will sell 50% of the shares in a pre-arranged open market sale in Japan and deliver the cash proceeds together with the remaining 50% of the shares to Tokuma. The award is subject to clawback and forfeiture for cause.

Insights

Corporate governance analyst

MUFG granted a deferred stock-based award to a senior executive.

Mitsubishi UFJ Financial Group granted Managing Corporate Executive Kensuke Tokuma 5,796 Stock Compensation Plan Points, each exchangeable for one common share after retirement. The award covers service from July 2026 to June 2027 and increases his total plan points to 53,158.

This is a compensation-related, non-cash acquisition rather than an open-market purchase or sale. A board incentive plan trust holds the underlying shares, and the award is subject to clawback and forfeiture for cause, aligning payouts with continued service and conduct.

After Tokuma retires from the relevant position, the trust will sell 50% of the shares in a pre-arranged open market sale in Japan, delivering cash proceeds plus the remaining 50% of the shares. This structure spreads liquidity between cash and equity, with valuation depending on MUFG's share price at that future time.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Tokuma Kensuke

Role Managing Corporate Executive

Type	Security	Shares	Price	Value
Grant/Award	Stock Compensation Plan Points	5,796	$0.00	--

Holdings After Transaction: Stock Compensation Plan Points — 53,158 shares (Direct)

Footnotes (1)

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Key Figures

Stock Compensation Plan Points granted: 5,796 points Total plan points after grant: 53,158 points Service period for installments: July 2026 to June 2027 +2 more

5 metrics

Stock Compensation Plan Points granted 5,796 points Grant on July 1, 2026

Total plan points after grant 53,158 points Holdings following transaction

Service period for installments July 2026 to June 2027 Points received in equal monthly installments

Exchange ratio 1 point = 1 share Each point exchangeable for one MUFG common share after retirement

Share sale portion by trust 50% of shares Sold in pre-arranged open market sale in Japan after retirement

Key Terms

Stock Compensation Plan Points, board incentive plan trust, clawback and forfeiture for cause, pre-arranged open market sale

4 terms

Stock Compensation Plan Points financial

"Represents the aggregate non-adjustable points that the reporting person is entitled to receive"

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"

clawback and forfeiture for cause financial

"Subject to clawback and forfeiture for cause, each point will be exchangeable"

pre-arranged open market sale financial

"50% of such shares will be sold by the trust through a pre-arranged open market sale in Japan"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/02/2026 - 07:30 AM Accepted by SEC EDGAR 07/02/2026 - 07:30 AM Learn about SEC filing dates

FAQ

What insider transaction did MUFG (MUFG) report for Kensuke Tokuma?

MUFG reported that Managing Corporate Executive Kensuke Tokuma received 5,796 Stock Compensation Plan Points. These points are a stock-based compensation award, not a market trade, and each point can later be exchanged for one share of MUFG common stock after he retires from the relevant position.

How many Stock Compensation Plan Points does Kensuke Tokuma hold after this MUFG Form 4?

After this award, Kensuke Tokuma holds 53,158 Stock Compensation Plan Points directly. This total reflects his accumulated rights to receive an equal number of MUFG common shares in the future, subject to plan conditions, retirement from the relevant role, and applicable clawback or forfeiture provisions.

How does the MUFG Stock Compensation Plan for Tokuma vest and deliver value?

Tokuma’s 5,796 Stock Compensation Plan Points are to be received in equal monthly installments from July 2026 to June 2027. After he retires from the position tied to this grant, each point becomes exchangeable for one share of common stock held in a board incentive plan trust.

What role does the board incentive plan trust play in MUFG’s award to Tokuma?

Before delivery, the shares underlying Tokuma’s points are held by a board incentive plan trust. After his retirement from the relevant position, the trust will sell 50% of those shares in a pre-arranged open market sale in Japan and deliver cash plus the remaining shares to him.

Is the MUFG transaction for Kensuke Tokuma a stock purchase or sale?

The MUFG transaction is a grant of 5,796 Stock Compensation Plan Points, not an open-market purchase or sale. It reflects compensation awarded by the company. Future share sales will be conducted by a trust after his retirement, with proceeds and remaining shares then delivered to him.

What conditions apply to Kensuke Tokuma’s MUFG stock compensation points?

Tokuma’s Stock Compensation Plan Points are subject to clawback and forfeiture for cause under the plan. Each point only becomes exchangeable for one share of MUFG common stock after he retires from the position linked to the grant, adding performance and conduct-related protections for the company.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Tokuma Kensuke

(Last) (First) (Middle)

4-5, MARUNOUCHI 1-CHOME

(Street)

CHIYODA-KU, TOKYO JAPAN 100-8330

(City) (State) (Zip)

JAPAN

(Country)

2. Issuer Name and Ticker or Trading Symbol
MITSUBISHI UFJ FINANCIAL GROUP INC [ MUFG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Managing Corporate Executive

2a. Foreign Trading Symbol
[8306 (TSE)]

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Compensation Plan Points(1)	(1)	07/01/2026		A		5,796		(1)	(1)	Common Stock	5,796	$0	53,158	D

Explanation of Responses:

1. 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 July 2026 to June 2027. Subject to clawback and forfeiture for cause, each point 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 a 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.

	/s/ Kazutaka Kato, by Power of Attorney	07/02/2026
	** 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 4 (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 4: SEC 1474 (03-26)