Sony Group Corp (SNEJF) CEO Hiroki Totoki reports equity awards and holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Sony Group Corp President and CEO Hiroki Totoki has reported his initial ownership of Sony-related equity awards and common stock. The disclosure lists direct holdings of various incentive instruments tied to Sony common stock, plus a sizeable common stock position.
His equity-based awards include phantom restricted stock economically equivalent to 202,000 shares of common stock, which will be settled in cash after he retires as a senior executive. He also holds several blocks of restricted stock units, each RSU representing a contingent right to receive one share of Sony common stock, with vesting dates including December 1, 2026, August 2, 2027, and August 1, 2028, and additional RSUs that vest based on his termination date.
Totoki also holds multiple employee stock options to buy Sony common stock, with exercise prices ranging from $8.25 to $28.91 per share and stated expiration dates from 2028 through 2035. In addition to these awards, he directly owns 398,250 shares of Sony common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
13 transactions reported
Mixed
13 txns
Insider
Totoki Hiroki
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Phantom Restricted Stock | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Restricted Stock — 202,000 shares (Direct);
Restricted Stock Units — 236,225 shares (Direct);
Employee Stock Option (right to buy) — 132,000 shares (Direct);
Common Stock — 398,250 shares (Direct)
Footnotes (1)
- Each share of phantom restricted stock is the economic equivalent of one share of SONY common stock. The shares of phantom restricted stock will be settled in cash upon the Reporting Person's retirement from a position as a senior executive of the issuer, which cash value shall be determined by multiplying the accumulated number of phantom shares by price of a share of SONY common stock based on the higher of (i) the closing price of a share of SONY common stock on the day before retirement and (ii) the average closing price of a share of SONY common stock for the ten trading days up to (and including) the day before retirement. Each restricted stock unit ("RSU") represents a contingent right to receive one share of SONY common stock. The RSUs vest on August 2, 2027. The grant is subject to forfeiture and accelerated vesting in accordance with its terms. Each RSU represents a contingent right to receive one share of SONY common stock. The RSUs vest on August 1, 2028. The grant is subject to forfeiture and accelerated vesting in accordance with its terms. Each RSU represents a contingent right to receive one share of SONY common stock. The RSUs vest on a specified date corresponding to the date upon which the Reporting Person ceases to hold a position as a senior executive of the Issuer: (a) if the termination occurs between April 1 to July 17, the RSUs will vest on August 1 of the year of termination; (b) if the termination occurs between July 18 to November 16, the RSUs will vest on December 1 of the year of termination; (c) if the termination occurs between November 17 to March 31, the RSUs will vest on the April 15 following the date of termination. The grant is subject to forfeiture and accelerated vesting in accordance with its terms. Each RSU represents a contingent right to receive one share of SONY common stock. The RSUs vest on December 1, 2026. The grant is subject to forfeiture and accelerated vesting in accordance with its terms. The allocation agreement provides that the option to acquire common stock became exercisable in three equal installments on each of October 31, 2020, November 20, 2020, and November 20, 2021. The option was granted on November 20, 2018. The allocation agreement provides that the option to acquire common stock became exercisable in three equal installments on each of October 29, 2022, November 18, 2022, and November 18, 2023. The option was granted on November 18, 2020. The allocation agreement provides that the option to acquire common stock became exercisable in three equal installments on each of October 29, 2023, November 18, 2023, and November 18, 2024. The option was granted on November 18, 2021. The allocation agreement provides that the option to acquire common stock became exercisable in three equal installments on each of November 2, 2024, November 16, 2024, and November 16, 2025. The option was granted on November 16, 2022. The allocation agreement provides that the option to acquire common stock becomes exercisable in three equal installments on each of November 10, 2025, November 27, 2025, and November 27, 2026. The option was granted on November 27, 2023. The allocation agreement provides that the option to acquire common stock becomes exercisable in three equal installments on each of November 9, 2026, November 25, 2026, and November 25, 2027. The option was granted on November 25, 2024. The allocation agreement provides that the option to acquire common stock becomes exercisable in three equal installments on each of October 31, 2027, November 25, 2027, and November 25, 2028. The option was granted on November 25, 2025. For purposes of this Form 3, a conversion rate of USD $0.006408 for each JPY 1.00 was used.
FAQ
What does Hiroki Totoki’s Form 3 for Sony Group Corp (SNEJF) show?
It shows Hiroki Totoki’s initial ownership of Sony equity awards and common stock. The filing lists phantom restricted stock, several restricted stock unit grants, multiple employee stock options, and 398,250 directly held common shares, all reported as directly owned positions.
What are the key features of Hiroki Totoki’s phantom restricted stock in Sony Group Corp (SNEJF)?
His phantom restricted stock is economically equivalent to one Sony share per unit and settles in cash at retirement. The cash amount equals the accumulated phantom shares multiplied by the higher of specified closing-price measures on Sony common stock at that time.
When do Hiroki Totoki’s restricted stock units in Sony Group Corp (SNEJF) vest?
His restricted stock units vest on several schedules, including December 1, 2026, August 2, 2027, and August 1, 2028. Another RSU grant vests on dates tied to when he ceases serving as a senior executive, with specific vesting dates based on termination timing.
What stock option terms are disclosed for Hiroki Totoki at Sony Group Corp (SNEJF)?
He holds multiple employee stock options to acquire Sony common stock, with exercise prices from $8.25 to $28.91 per share. These options have expiration dates between 2028 and 2035 and generally become exercisable in three equal installments under their allocation agreements.
Does Hiroki Totoki’s Sony Group Corp (SNEJF) Form 3 show any recent insider buying or selling?
No buy or sell transactions are identified; the entries are classified as holdings. The report outlines existing positions in phantom stock, restricted stock units, stock options, and common shares, rather than new open-market purchases or sales of Sony common stock.