Yanagawa Noriyuki 4

What Happened
Yanagawa Noriyuki, a director of ORIX Corporation (IX), was reported to have acquired 2,000 derivative securities (points) on 2026-06-23. The filing shows an acquisition at $0.00 per unit (transaction code J), meaning these are rights to receive common shares rather than a cash purchase. The award is part of ORIX's share-based compensation program and entitles the reporting person to receive the stated shares upon retirement.

Key Details

• Transaction date: 2026-06-23; Filing date: 2026-06-25.
• Reported transaction: Acquisition of 2,000 derivative securities at $0.00 (code J).
• Shares owned after transaction: Not specified in the provided Form 4 summary.
• Footnotes: F1 — each point equals a right to one share of common stock; F2 — these are share-based compensation grants payable upon retirement.
• Timeliness: Filed within two days of the transaction date (no late filing indicated).

Context
This was a derivative compensation grant (an award), not a market purchase or sale. The reported $0.00 price reflects that this is a grant/entitlement rather than a cash transaction; shares are payable upon meeting retirement conditions. Such awards are common for executives/directors and reflect compensation policy rather than an immediate personal investment or divestment signal.