Nakajima Yutaka 4

What Happened

• Yutaka Nakajima, Representative Executive Officer and Deputy President of Nomura Holdings (NMR), received equity awards on May 25, 2026. The filing shows awards totaling 453,414 derivative units granted at $0.00 (transaction code A = Award/Grant).
• The awards break down as three grants of 87,138 notional stock units and one grant of 192,000 performance share units (target). Notional stock units are cash-settled rights tied to the value of one share; performance share units pay between 0% and 150% of one share depending on achievement over a three-year performance period.

Key Details

• Transaction date: 2026-05-25; Form 4 filed: 2026-05-27 (filed within the typical 2-business-day window).
• Award amounts: 3 × 87,138 notional stock units (NSUs) + 192,000 performance share units (PSUs) = 453,414 units total.
• Price: $0.00 per unit (these are grants/awards, not open-market purchases).
• Shares owned after transaction: not specified in the Form 4 filing.
• Footnotes of note: F1 — NSUs pay cash equal to one share; F3 — PSUs payout ranges 0–150% per unit based on a 3-year performance period; F2 — no separate expiration date indicated.
• Transaction type: derivative awards (A). This is compensation, not a market purchase or sale.

Context

• Notional stock units are typically cash-settled and do not result in immediate share issuance; their eventual payout depends on future stock price. Performance share units only convert into shares (or share equivalents) to the extent performance targets are met, so the final number realized may be lower or higher than the target.
• Awards to executives are common compensation practices and are not direct signals of buying or selling activity in the open market.