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NOMURA HOLDINGS INC·4

Apr 28, 6:51 AM ET

Tobari Akihito 4

Research Summary

AI-generated summary

Updated

Nomura (NMR) Head of Wealth Mgmt Tobari Exercises Options, Withholds Shares

What Happened

  • Tobari Akihito, Head of Wealth Management at Nomura Holdings (NMR), exercised/converted 17,100 derivative securities on April 27, 2026. The filing reports the exercise/conversion at $0 (code M) as a conversion event.
  • In connection with the settlement, 6,602 shares were withheld to cover tax liabilities (code F) — reported at $7.71 per share, totaling $50,901 (USD conversion noted in the filing). Separately, 73.682 shares were reported as an award/acquisition on April 24, 2026 (RSU settlement), valued at $8.41 per share, total $620.
  • These transactions are primarily an exercise/settlement and tax-withholding event rather than an open-market purchase or sale.

Key Details

  • Transaction dates: April 24, 2026 (award/reporting of 73.682 RSU shares); April 27, 2026 (exercise/conversion of 17,100 derivatives and withholding of 6,602 shares for taxes).
  • Reported values:
    • RSU award: 73.682 shares @ $8.41 = $620 (USD conversion per filing).
    • Tax withholding: 6,602 shares @ $7.71 = $50,901 (USD conversion per filing).
    • Exercise/conversion of 17,100 shares reported at $0 in the filing (code M).
  • Shares owned after the transactions: not disclosed in the provided filing data.
  • Notable footnotes: RSUs vested on April 1 and were settled in shares on April 27 (F2); shares were withheld to satisfy tax withholding obligations (F3). USD amounts were converted from JPY using the spot rates reported by MUFG Bank (F1, F4).
  • Filing timing: Form 4 filed April 28, 2026 for transactions through April 27 — appears to have been filed promptly.

Context

  • "M" entries indicate exercise or conversion of derivative securities into common stock. The withholding of 6,602 shares to satisfy taxes is a common cashless settlement/tax-withholding action and does not necessarily indicate an open-market sale for investment purposes.
  • The RSU settlement and the derivative conversion are internal compensation-related events; they are routine for executives and do not by themselves signal a buy/sell sentiment.