Kanzaki Yuki 4

What Happened

• Director Kanzaki Yuki was granted 490 phantom stock units (reported as 490 "shares" for the derivative award) on 2026-07-24. The grant is reported at $0.00 per unit (transaction type A — award/grant). These are derivative phantom units, not an open‑market purchase or sale.

Key Details

• Transaction date and price: 2026-07-24; 490 units @ $0.00 (derivative award).
• Filing date: Form 4 filed 2026-07-28 (four days after the transaction date).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnotes: (F1) Each phantom stock unit represents a contingent right to receive one share of common stock, settled in cash or common stock at the issuer's election. (F2) The units are fully vested upon grant and will settle upon the reporting person's retirement.

Context

• These are phantom stock units (a form of deferred/contingent award). Although fully vested, they do not convert to cash or shares until settlement (here scheduled for the director’s retirement), so this is not an immediate purchase or sale and does not provide immediate market exposure or liquidity. This type of award is common for long‑term compensation and should be viewed differently from open‑market purchases or sales.