Axos CEO reports RSU vesting and tax share withholding
Axos Financial, Inc. President and CEO Gregory Garrabrants reported routine equity compensation activity and related tax withholding.
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Form Type
4
Rhea-AI Filing Summary
Axos Financial, Inc. President and CEO Gregory Garrabrants reported routine equity compensation activity and related tax withholding. On June 30, 2026, Restricted Stock Units (RSUs) vested and were exercised into 202,032 shares of Common Stock, issued under the company’s 2014 Stock Incentive Plans.
Of these, 108,995 shares of Common Stock were retained by Axos Financial, Inc. to satisfy tax withholding obligations through a net-settlement. Following these transactions, Garrabrants directly holds 1,509,266 shares of Common Stock and 392,747 RSUs, with additional indirect holdings through a trust and a 401(k) plan.
Insider Trade Summary
202,032 shares exercised/converted
Exercise
5 txns
Insider
Garrabrants Gregory
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 202,032 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 202,032 | $97.39 | $19.68M |
| Disposition | Common Stock | 108,995 | $97.39 | $10.62M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 392,747 contracts (Direct);
Common Stock — 1,509,266 shares (Direct);
Common Stock — 3,047 shares (Indirect, 401(k) Plan);
Common Stock — 170,680 shares (Indirect, by Trust)
Footnotes (4)
- F1. Represents shares of Common Stock issued on June 30, 2026 following the vesting of Restricted Stock Units ("RSUs") which vest one-fourth each year. The RSUs were previously granted to the reporting person under the Axos Financial, Inc. 2014 Stock Incentive Plans in connection with the reporting person's employment agreement as President and Chief Executive Officer.
- F2. Represents shares of Common Stock retained by Axos Financial, Inc. for tax withholding purposes in connection with the net-settlement on the issuance of shares of Common Stock in respect to the vested RSUs.
- F3. The RSUs were granted to the reporting person under the Axos Financial, Inc. 2014 Stock Incentive Plans in connection with the reporting person's employment agreement as President and Chief Executive Officer. Each RSU represents a contingent right to receive one share of Axos Financial, Inc. Common Stock. The RSUs are accompanied by dividend equivalent rights.
- F4. The RSUs vest over four years, one-fourth on each fiscal year-end following the date of grant.
Key Figures
RSUs exercised: 202,032 shares
Shares withheld for taxes: 108,995 shares
Direct Common Stock holdings: 1,618,261 shares
+4 more
7 metrics
RSUs exercised
202,032 shares
RSUs converted to Common Stock on June 30, 2026
Shares withheld for taxes
108,995 shares
Common Stock retained by Axos for tax withholding
Direct Common Stock holdings
1,618,261 shares
Shares of Common Stock held directly after transactions
Outstanding RSUs
392,747 units
RSUs remaining after June 30, 2026 vesting
Indirect trust holdings
170,680 shares
Common Stock held indirectly by trust
401(k) plan holdings
3,047 shares
Common Stock held indirectly via 401(k) plan
Reference share value
$97.39 per share
Price per share used for RSU-related Common Stock entries
Key Terms
Restricted Stock Units, net-settlement, dividend equivalent rights, tax withholding, +1 more
5 terms
Restricted Stock Units financial
"Represents shares of Common Stock issued on June 30, 2026 following the vesting of Restricted Stock Units ("RSUs")"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
net-settlement financial
"in connection with the net-settlement on the issuance of shares of Common Stock in respect to the vested RSUs."
dividend equivalent rights financial
"Each RSU represents a contingent right to receive one share of Axos Financial, Inc. Common Stock. The RSUs are accompanied by dividend equivalent rights."
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
tax withholding financial
"Represents shares of Common Stock retained by Axos Financial, Inc. for tax withholding purposes"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
2014 Stock Incentive Plans financial
"The RSUs were previously granted to the reporting person under the Axos Financial, Inc. 2014 Stock Incentive Plans"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity transactions did Axos (AX) CEO Gregory Garrabrants report?
Gregory Garrabrants reported RSU vesting and related share movements. 202,032 RSUs converted into Common Stock, and 108,995 shares were withheld by Axos for taxes, reflecting routine compensation and tax-settlement activity rather than open-market trading.
What happened to the RSUs reported by Axos (AX) CEO Garrabrants?
RSUs previously granted to Gregory Garrabrants vested on June 30, 2026 and converted into 202,032 shares of Common Stock. These RSUs vest in four annual installments and were granted under Axos Financial, Inc.’s 2014 Stock Incentive Plans.
What do the RSUs and dividend equivalent rights mean for Axos (AX) CEO compensation?
The RSUs grant Gregory Garrabrants a contingent right to receive one share of Axos Common Stock per unit, with dividend equivalent rights. They vest over four years, one-fourth each fiscal year-end, aligning a portion of his compensation with long-term company performance.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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