Akamatsu Fusae 4

What Happened

• Fusae Akamatsu, Group Chief Compliance Officer of Mizuho Financial Group, had phantom stock units vest on June 1, 2026. The Form 4 shows 778 phantom stock units were converted (recorded as acquired at $0.00), and 312 of those vested units were settled to the issuer for cash rather than issued as shares. The cash settlement for the 312 units was JPY 2,241,720, converted in the filing to USD $14,075.85 (conversion rate JPY1 = USD0.006279041).
• This is not an open-market sale; it’s a cash settlement of vested phantom units (common for tax withholding or plan settlement), not a discretionary signal to buy or sell stock.

Key Details

• Transaction date: June 1, 2026; Form 4 filed June 3, 2026 (timely).
• Converted/Exercised (derivative M): 778 phantom stock units → recorded as 778 shares acquired at $0.00.
• Disposition to issuer (D): 312 units settled for cash — JPY 2,241,720 ≈ USD $14,075.85.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 — each phantom unit is a contingent right to one share, settled in cash or stock at the issuer’s election; F2 — 312 units were the portion settled in cash and shows the yen→USD conversion; F3 — the units vested on June 1, 2026.
• Filing timeliness: reported promptly (no late-filing indication).

Context

• This was a settlement of phantom stock units (a form of deferred/share-based compensation). Part of the award was paid in cash (likely for tax withholding or plan terms) and the remainder converted into shares per the filing. Such settlements are routine compensation events and do not by themselves indicate executive buying or selling intent.