MUFG chairman granted 10,632 stock plan units

KAMEZAWA HIRONORI reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

KAMEZAWA HIRONORI reported acquisition or exercise transactions in this Form 4 filing.

Mitsubishi UFJ Financial Group Chairman Hironori Kamezawa reported a compensation-related award of 10,632 Stock Compensation Plan Points. These points were granted at ¥0 per point and are tied to an equal number of underlying shares of common stock.

The points are scheduled to be received in equal monthly installments during the service period from July 2026 to June 2027, are subject to clawback and forfeiture for cause, and become exchangeable for common stock after his retirement from the role on which the award is based. Before delivery, the related shares are held in a board incentive plan trust; after retirement, the trust will sell 50% of those shares in a pre-arranged open market sale in Japan and deliver the cash proceeds plus the remaining shares to him. Following this grant, his reported plan points position totals 276,819 units.

Insights

Equity compensation analyst

Routine long-term incentive grant using deferred stock-linked points.

Mitsubishi UFJ Financial Group granted Chairman Hironori Kamezawa 10,632 Stock Compensation Plan Points as a non-cash award. Each point corresponds to one share of common stock, but settlement occurs only after retirement from the relevant position, reinforcing a long-term alignment with firm performance.

The award vests in equal monthly installments from July 2026 through June 2027, is subject to clawback and forfeiture for cause, and is administered via a board incentive plan trust. After retirement, the trust will sell 50% of the related shares in pre-arranged open market sales in Japan and deliver sale proceeds plus the remaining shares to Kamezawa.

This filing reflects compensation design rather than an open-market transaction, with no immediate cash outlay or discretionary buying or selling. It appears as a standard long-term incentive structure, and Kamezawa’s total reported plan points increase to 276,819, indicating a sizable, deferred equity-linked interest.

Insider Trade Summary

Grant/Award: 10,632 shares

Grant/Award 1 txn

Insider KAMEZAWA HIRONORI

Role Chairman

Type	Security	Shares	Price	Value
Grant/Award	Stock Compensation Plan Points	10,632	$0.00	$0.00

Holdings After Transaction: Stock Compensation Plan Points — 276,819 contracts (Direct)

Footnotes (1)

1. F1. 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.

Key Figures

Stock Compensation Plan Points granted: 10,632 points Grant price per point: 0.0000 Total plan points after grant: 276,819 units +3 more

6 metrics

Stock Compensation Plan Points granted 10,632 points Grant on July 1, 2026

Grant price per point 0.0000 Non-cash award price

Total plan points after grant 276,819 units Total Stock Compensation Plan Points following transaction

Underlying common stock per point 1 share per point Each point exchangeable for one MUFG common share after retirement

Share sale portion at retirement 50% of related shares Sold by board incentive plan trust in pre-arranged open market sale in Japan

Vesting period July 2026 – June 2027 Points delivered in equal monthly installments during this service period

Key Terms

Stock Compensation Plan Points, clawback, forfeiture for cause, board incentive plan trust, +1 more

5 terms

Stock Compensation Plan Points financial

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

clawback financial

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

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.

forfeiture for cause financial

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

board incentive plan trust financial

"the shares to be exchanged for the received points are held by a board incentive plan trust"

pre-arranged open market sale financial

"will be sold by the trust through a pre-arranged open market sale in Japan"

FAQ

What did MUFG Chairman Hironori Kamezawa report in this Form 4?

He reported a grant of 10,632 Stock Compensation Plan Points, each tied to one MUFG common share. The award is non-cash, vests monthly from July 2026 to June 2027, and settles in stock and cash after retirement via a board incentive plan trust.

Is Hironori Kamezawa buying or selling MUFG (MUFG) shares in this filing?

He is not buying or selling shares on the market; this is a compensation award. The 10,632 points are granted at zero price, vest over July 2026–June 2027, and convert into stock and cash after retirement under the plan’s rules.

How and when will the 10,632 MUFG Stock Compensation Plan Points be delivered?

The points are received in equal monthly installments between July 2026 and June 2027. After Kamezawa retires from the relevant position, each point can be exchanged for one common share, with delivery managed through a board incentive plan trust structure.

What role does the board incentive plan trust play in MUFG’s stock compensation?

The trust holds the shares corresponding to granted points until retirement. After retirement, it sells 50% of the shares in pre-arranged open market sales in Japan and delivers the cash proceeds plus the remaining 50% of shares to the reporting person.

How large is Hironori Kamezawa’s MUFG stock compensation position after this grant?

After the 10,632-point award, his reported Stock Compensation Plan Points position totals 276,819 units. Each point is linked to one share of MUFG common stock, providing a substantial deferred, equity-linked interest aligned with long-term company performance.

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

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^*

KAMEZAWA HIRONORI

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman

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		10,632		(1)	(1)	Common Stock	10,632	$0	276,819	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)