Axos (AX) insider: 1,703 RSUs vested; 609 shares withheld for taxes
Rhea-AI Filing Summary
Brian D. Swanson, President, Consumer Bank of Axos Financial, acquired 1,703 shares of Axos Financial common stock on 09/23/2025 upon the vesting of restricted stock units (RSUs) granted under the Axos Financial, Inc. 2014 Stock Incentive Plan at an attributable price of $88.46 per share. In connection with the net-settlement of the vested RSUs, 609 shares were retained by the company to satisfy tax withholding.
The reporting tables show Mr. Swanson's beneficial ownership after the transactions as 54,973 shares held directly and 2,737 shares held indirectly through a 401(k) plan. The RSUs vest one-third on each anniversary of the grant date and include dividend equivalent rights.
Positive
- 1,703 RSUs vested into common stock, increasing the reporting person's direct stake through equity compensation
- RSUs include dividend equivalent rights, preserving economic alignment with shareholders
- Disclosure follows Section 16 reporting, indicating compliance with insider reporting requirements
Negative
- 609 shares withheld for tax purposes reduced the net shares delivered to the reporting person
- Form shows no material sale or purchase beyond compensation vesting, so no liquidity event or meaningful change in ownership concentration is disclosed
Insights
TL;DR: Routine executive compensation vesting; modest direct share increase via vested RSUs, offset by tax withholding.
The reported transactions are standard equity compensation events: 1,703 RSUs vested and converted into common stock at an attributable price of $88.46, with 609 shares withheld for taxes. This transaction does not show an open-market sale or disposal for liquidity purposes beyond withholding. The direct beneficial ownership reported (54,973 shares) plus indirect 401(k) holdings (2,737) indicate continued insider alignment with shareholders through equity ownership. No new debt, major dispositions, or other material corporate actions are disclosed in this Form 4.
TL;DR: Standard vesting and tax-withholding disclosure; reflects routine compensation governance and insider reporting compliance.
The filing documents customary plan-based vesting under the company’s 2014 Stock Incentive Plan and proper Section 16 reporting for an officer. The RSUs include dividend equivalent rights and vest in three annual tranches, which is a typical retention structure. The net-settlement for tax withholding is explicitly disclosed (609 shares), demonstrating standard administration of equity awards. No indications of departures, unusual transfers, or related-party transactions appear in this statement.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,703 | $88.46 | $151K |
| Exercise | Common Stock | 1,703 | $88.46 | $151K |
| Disposition | Common Stock | 609 | $88.46 | $54K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents shares of Common Stock issued on September 23, 2025, following the vesting of Restricted Stock Units ("RSUs") which vest as to one-third of the shares on each anniversary of the date of grant. The RSUs were previously granted to the reporting person under the Axos Financial, Inc. 2014 Amended and Restated 2014 Stock Incentive Plan. 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. The RSUs were granted to the reporting person under the Axos Financial, Inc. 2014 Stock Incentive Plan. The RSUs are accompanied by dividend equivalent rights. Each RSU represents a contingent right to receive one share of Axos Financial, Inc. Common Stock. The RSUs vest as to one-third of the shares on each anniversary date of grant.
