Yagi Minako 4

What Happened

• Minako Yagi, Group Chief Audit Executive (Group CAE) of Mizuho Financial Group (MFG), received awards reported on a Form 4 for transactions dated 2026-07-24. The filing shows an acquisition of 3,858 shares and an additional grant of 570 phantom stock units, each reported at $0.00 (derivative awards), so no cash was paid on grant. The reported dollar amount on the Form is $0 because the 570 units are contingent/phantom units that will be settled in cash or stock at a later date.

Key Details

• Transaction date(s): 2026-07-24; Form filed: 2026-07-28 (timely).
• Reported items: 3,858 shares (see footnote F1) and 570 phantom stock units (derivative, footnotes F2–F4).
• Reported acquisition price: $0.00 for both lines (derivative awards; value realized depends on future settlement price).
• Shares owned / position after transaction: Form shows 3,858 shares in the Reporting Person’s ESOP account as of June 30, 2026 (F1) and the 570 phantom units granted; the filing does not provide a single consolidated “shares owned after” total.
• Notable footnotes:
  • F1: Number of shares in Yagi’s Employee Stock Ownership Plan (ESOP) account as of 6/30/2026.
  • F2: Each phantom stock unit equals a contingent right to one share, settled in cash or common stock at the issuer’s election.
  • F3: Some phantom units vest in three equal installments beginning 7/1/2027.
  • F4: Some phantom units are fully vested upon grant and will settle upon the reporting person’s retirement.
• Filing timeliness: Filed within the normal Form 4 window (not marked late).

Context

• These are awards/grants (not open-market purchases or sales). Phantom stock units are a form of deferred compensation — they do not transfer actual shares today but represent an entitlement to cash or stock later and may have vesting conditions. Such grants are routine compensation for executives and do not, by themselves, indicate a buy or sell signal.