Oshima Masahiko 4

What Happened
Director Masahiko Oshima received an award/acquisition of 84 Toyota Motor Corp (TM) shares on March 25, 2026. The filing reports a per-share value of $21.28, for a total reported value of $1,788. The award was granted as part of a share‑based compensation program and the shares are held in trust for his benefit.

Key Details

• Transaction date: 2026-03-25; Form 4 filed: 2026-03-27 (timely).
• Transaction type/code: Award/Acquisition (A).
• Shares awarded: 84 at $21.28 per share; total value reported $1,788.
• Currency: Purchase recorded in Japanese yen; converted to USD using rate JPY 1.00 = USD 0.00627 (footnote).
• Post-transaction holdings: Not specified in the filing.
• Notes: Shares are held in trust under a share‑based compensation program (footnote).

Context
Grants to directors under compensation plans are routine and reflect company pay practices rather than an open‑market purchase decision. Such awards can be subject to vesting and are often held in trust; they are informative about director compensation but are generally a less direct signal of insider confidence than open‑market buys. This particular award is small in dollar terms (~$1.8k) relative to Toyota’s market size.