Togawa Jun 4

What Happened Togawa Jun, a Senior Managing Corporate Executive of Mitsubishi UFJ Financial Group (MUFG), was granted an award of 6,960 points on July 1, 2026. The Form 4 reports the acquisition as a derivative award (code A) at $0.00 — i.e., these are compensation points that are not immediately valued as cash or delivered shares. The filing was made on July 2, 2026.

Key Details

• Transaction date: 2026-07-01; Filing date: 2026-07-02 (timely).
• Reported transaction: Grant/acquisition (derivative award) of 6,960 points at $0.00.
• Shares owned after transaction: not specified in the filing.
• Footnote summary: the 6,960 points represent non-adjustable points payable in equal monthly installments from July 2026 to June 2027; each point can be exchanged for one share following the reporting person’s retirement from the relevant role. Points are subject to clawback/forfeiture for cause. Prior to delivery, the underlying shares are held in a board incentive plan trust; upon retirement the trust will sell 50% via a pre-arranged open-market sale in Japan and deliver net cash plus the remaining 50% in shares.

Context This is a compensation award (derivative grant) rather than an open-market purchase or sale. Because the points convert to shares only upon retirement and are held in a trust with a planned partial sale, the grant does not represent an immediate cash transaction or straightforward ownership increase that would typically signal near-term trading intent.