Okuda Kentaro 4

What Happened
Kentaro Okuda, Representative Executive Officer, President and Group CEO of Nomura Holdings (NMR), was granted a total of 824,287 derivative awards on 2026-05-25. The grants consist of three awards of 158,429 units each and one award of 349,000 units. Each award is reported at $0.00 on the Form 4 because these are equity-based grants (derivative units), not purchases; no cash payment was made by the insider.

Key Details

• Transaction date: 2026-05-25; Form 4 filed 2026-05-27 (timely filing).
• Reported grants: 158,429 + 158,429 + 158,429 + 349,000 = 824,287 units. Price per unit reported: $0.00 (award).
• Securities after transaction: Not stated on the provided filing.
• Footnotes:
  • F1: Notional Stock Units = right to receive cash equal to one share of common stock.
  • F3: Performance Share Units = target units that may pay out 0%–150% of one share based on 3-year performance; actual payout may differ.
  • F2: No separate expiration date for the awards.
• Transaction type: Code A (award/grant). Not a market purchase or sale.

Context
These are compensation awards (not an open-market buy or sale). Notional Stock Units are typically cash-settled; Performance Share Units are conditional and pay out based on future performance over a multi-year period. Such grants reflect compensation arrangements rather than immediate changes in voting stock ownership or direct market sentiment.