Mizuho (MFG) Head of Domestic Retail Inomata Receives Phantom Stock Award

What Happened

• Inomata Naoshi, Head of Domestic Retail Business and Co-Head of Retail & Business Banking at Mizuho Financial Group (MFG), was granted two phantom stock awards on 2026-07-24: 4,445 units and 790 units. Both grants are recorded at $0.00 per unit (award code A), so no cash was paid by the insider.
• These are derivative awards (phantom stock units) rather than direct share purchases or sales. Total units granted = 5,235 units. The grants were reported on a Form 4 filed 2026-07-28.

Key Details

• Transaction date: 2026-07-24; Filing (Form 4): 2026-07-28 (filed within required reporting window).
• Price: $0.00 per unit (award).
• Units granted: 4,445 units (subject to vesting) and 790 units (fully vested at grant but settlement tied to retirement).
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes of note:
  • Each phantom stock unit equals a contingent right to receive one common share or cash at the issuer’s election.
  • The 4,445-unit award vests in three equal installments beginning July 1, 2027.
  • The 790-unit award is fully vested on grant but will settle upon the reporting person’s retirement.
• Transaction type: Award (A) — not a market purchase or sale.

Context

• Phantom stock units are compensation vehicles that pay out in stock or cash later; they do not represent immediate open-market buying or selling and therefore are routine executive compensation rather than a direct market signal.
• The 790 fully vested units will not be delivered immediately; they are payable only upon the insider’s retirement. The 4,445 units are time-vested starting July 1, 2027, so they are future compensation contingent on continued service.