Ueno Yoshiaki 4

What Happened Yoshiaki Ueno, a Managing Corporate Executive at Mitsubishi UFJ Financial Group (MUFG), received an award of 5,796 points on July 1, 2026. The Form 4 reports this as an award/grant (transaction code A) with an acquisition price of $0.00 (derivative award); no immediate cash value was recorded. These points are exchangeable for MUFG common stock following the reporting person's retirement from the relevant position.

Key Details

• Transaction date: July 1, 2026; Form 4 filed July 2, 2026 (Accession 0001193125-26-293450).
• Transaction type/code: Award/Grant (A); reported as a derivative acquisition.
• Amount: 5,796 points (each point convertible to one share after retirement); reported acquisition price $0.00; total reported value $0.
• Shares owned after transaction: Not specified in the filing.
• Footnote highlights: points paid in equal monthly installments from July 2026 to June 2027; subject to clawback/forfeiture for cause; points convert to shares on retirement, with the shares held in a board incentive plan trust. Upon retirement, 50% of the trust-held shares will be sold in a pre-arranged open-market sale in Japan and net cash proceeds plus the remaining 50% in shares will be delivered to the reporting person.
• Timeliness: Filing appears timely (transaction 7/1/2026; Form 4 filed 7/2/2026); no late-filing flag in the record.

Context This award is a deferred, derivative compensation grant—not an immediate open-market purchase or sale of stock. The points only convert to deliverable shares upon retirement and are subject to forfeiture and trust-handling rules, so they do not represent immediately tradable shares or an immediate liquidity event. Such grants are common in executive compensation and should be viewed as part of long-term pay arrangements rather than an immediate trading signal.