Yoshida Kenichiro 4
Research Summary
AI-generated summary
Sony (SONY) Director Yoshida Receives 10,800 Phantom Share Award
What Happened
- Yoshida Kenichiro, a director at Sony Group Corp (SONY), was granted 10,800 phantom restricted stock units on 2026-05-11. The Form 4 records the grant as an award (transaction code A) at $0.00 per unit (derivative award). The units are phantom (cash-settled) and do not represent issued common shares today.
Key Details
- Transaction date: 2026-05-11; filing date: 2026-05-12 (filed one day after the grant).
- Transaction type/code: Award/Grant (derivative) — 10,800 phantom restricted stock units at $0.00.
- Shares owned after transaction: Not specified in the filing.
- Footnote F1: Each phantom restricted share is the economic equivalent of one share of SONY common stock.
- Footnote F2: The phantom shares will be settled in cash upon the reporting person’s retirement; cash value equals the accumulated phantom shares multiplied by the share price determined as the higher of (i) the closing price the day before retirement or (ii) the average closing price over the 10 trading days up to (and including) the day before retirement.
- Timeliness: Filing appears timely (submitted the next day).
Context
- Phantom restricted stock is a form of deferred, cash-settled compensation: it tracks the economic value of shares but does not issue actual shares or immediately change the company’s share count or float. Such awards are common for senior executives and are generally routine compensation rather than an immediate market signal of buying or selling.