Matsuzaki Satoru 4

What Happened

• Matsuzaki Satoru, Representative Executive Officer, Deputy President and Chief Operating Officer (Japan & APAC) of ORIX Corporation, was granted a large share-based award and also made a small open-market purchase. On 2026-06-23 he acquired 51,910 derivative units (reported at $0.00) that represent rights to receive common stock under ORIX's share-based compensation program (payable upon retirement). On 2026-05-20 he purchased 6.579 shares in the open market at $38.22 per share for a reported total of $251. The purchase is a direct buy; the award is a deferred/retirement entitlement.

Key Details

• Transaction dates and prices:
  • 2026-05-20: Open-market purchase (code P) — 6.579 shares at $38.22 ($251 total).
  • 2026-06-23: Derivative award (code J) — 51,910 units at $0.00 (derivative/share-based award).
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes of note:
  • Each "point" represents a right to receive one share of common stock.
  • The 51,910 reported derivative securities are share-based compensation that entitle the reporting person to receive the stated amount of common stock upon retirement.
• Filing timeliness: The Form 4 was filed on 2026-06-25. The 2026-06-23 derivative award was reported within the typical two-business-day window; the 2026-05-20 open-market purchase was reported late (more than two business days after the trade).

Context

• The 51,910-item entry is a deferred/retirement award (not an immediate cash purchase or sale); no cash paid or received is shown for that item — it represents a future right to shares. Small open-market purchases like the 6.579-share buy are routine but can be viewed as a modest insider purchase signal. As always, these filings are factual records of transactions and awards and do not explain the insider’s motivations.