Miyazaki Yoichi 4

What Happened
Yoichi Miyazaki, Executive Vice President and Director of Toyota Motor Corp (TM), acquired 132 shares on June 25, 2026. The transaction was an "other acquisition" (code J) recorded at $16.71 per share for a total reported value of $2,206. The filing shows these shares are held in trust under a share-based compensation program and were obtained through automatic dividend reinvestment.

Key Details

• Transaction date: 2026-06-25; Filing date: 2026-06-29 (filed 4 days after the transaction).
• Price and value: 132 shares at $16.71 each; total $2,206 (price converted from JPY at 1 JPY = $0.00618).
• Holding: Shares are held in trust for the benefit of the reporting person under a share-based compensation program.
• Acquisition method: Automatic reinvestment of dividends (per footnote).
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: The Form 4 was filed June 29 for a June 25 transaction, which appears later than the standard 2-business-day requirement for Form 4s.

Context
This was not an open-market purchase but a routine dividend reinvestment into a trust under Toyota's share-based compensation plan. Such automatic reinvestments are common and reflect reinvested dividends rather than a discretionary buy that might signal a change in insider sentiment.