KAMEZAWA HIRONORI 4

What Happened

• Hironori Kamezawa, Chairman and Director of Mitsubishi UFJ Financial Group (MUFG), was granted 10,632 award points on July 1, 2026. The Form 4 records this as a derivative award at $0.00 per share (no cash paid at grant).
• This is a compensation-related award (not an open-market purchase or sale) and does not represent an immediate transfer of common stock or cash proceeds.

Key Details

• Transaction date: 2026-07-01; filing date: 2026-07-02.
• Transaction type/code: Grant/Award (Code A on Form 4); reported as 10,632 units @ $0.00 (derivative).
• Shares owned after transaction: Not specified in the filing.
• Footnote: The award represents non-adjustable points payable monthly from July 2026–June 2027. Points convert to one share each upon the reporting person's retirement; shares to be delivered are held in a board incentive plan trust. 50% of the shares will be sold by the trust in a pre-arranged open-market sale in Japan after retirement, with net cash proceeds plus the remaining 50% in shares delivered to the recipient. Awards are subject to clawback and forfeiture for cause.
• Filing timeliness: Appears timely (filed the day after the grant).

Context

• This is a deferred equity award tied to service and future retirement and should be treated as compensation, not an immediate market buy or sell signal.
• Because the award is derivative and held in a trust with a built-in sale mechanism for half the shares at delivery, it does not reflect an immediate change in Mr. Kamezawa’s tradable share holdings.