Kato Sotaro 4

What Happened Sotaro Kato, Executive Officer and Chief Risk Officer (CRO) of Nomura Holdings, received three awards of notional stock units (NSUs) on 2026-05-25 totaling 82,966 units (27,656 + 27,655 + 27,655). The Form 4 records each grant at $0.00 (derivative awards), which reflects they are compensatory grants rather than purchases. These NSUs are cash‑settled rights tied to the value of one share of Nomura common stock per unit — the filing shows $0 as the acquisition price because no cash was paid by the insider.

Key Details

• Transaction date: 2026-05-25; Form 4 filed: 2026-05-27 (timely filing).
• Grants: 27,656 NSUs; 27,655 NSUs; 27,655 NSUs — total 82,966 NSUs.
• Filing lists price per unit: $0.00 and total consideration: $0 (derivative awards).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 — each Notional Stock Unit represents the right to receive cash equal in value to one share of common stock; F2 — no separate expiration date.
• Transaction code: A = Award/Grant (compensatory), not a purchase (P) or sale (S).

Context These NSUs are compensation awards that are cash‑settled based on Nomura's share price rather than immediate stock grants. Such derivative awards are common executive pay and do not by themselves indicate a buy or sell signal; their ultimate dollar value will depend on Nomura’s future stock price and any plan rules for payment timing.