SMFG Director Receives Large Stock Awards with No Cash Payments

Sumitomo Mitsui Financial Group (SMFG) director Mikami Takeshi recently received two stock awards under the company's compensation plans. The first award, on July 24, 2026, consisted of 1,644 shares of common stock. Two days later, on July 27, 2026, he received a second award of 20,748 shares of common stock.

No out-of-pocket cash payments were made for these awards, which were granted when performance conditions were certified. However, on the same day as the larger award, July 27, 2026, Mikami disposed of 3,500 shares to the issuer at a price of $43.99 per share.

The purchase price was originally in Japanese yen and was converted into U.S. dollars using an exchange rate of Japanese Yen 1.00 = U.S. dollar 0.0061091 as of July 27, 2026. This transaction occurred under a pre-arranged trading plan, which is designed to ensure trades are made in a planned, transparent way.