Axos Financial CRO reports RSU vesting, new grant
Axos Financial’s Chief Risk Officer reported RSU vesting, a new RSU grant, tax-withholding share retention, and updated 401(k) holdings.
Rhea-AI Filing Summary
Axos Financial, Inc. (AX) reported that EVP and Chief Risk Officer John Charles Tolla had Restricted Stock Units (RSUs) vest into 3,502 shares of Common Stock on September 15, 2026, and received a new grant of 2,968 RSUs under the company’s 2014 Stock Incentive Plan. Of the vested shares, 1,885 shares of Common Stock were retained by Axos Financial, Inc. for tax withholding in a net-settlement, with the remaining vested shares issued to the reporting person. The RSUs carry dividend equivalent rights and vest in equal one-third installments on each anniversary of the grant date. The filing also reports 2,723 shares of Common Stock held indirectly in a 401(k) Plan, and no transactions were made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,502 shares exercised/converted
Exercise
5 txns
Insider
Tolla John Charles
Role
EVP, Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F3, F4, F5 | 3,502 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F6, F4, F5 | 2,968 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 3,502 | $92.68 | $325K |
| Disposition | Common Stock F2 | 1,885 | $92.68 | $175K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 21,270 contracts (Direct);
Common Stock — 30,911 shares (Direct);
Common Stock — 2,723 shares (Indirect, 401(k) Plan)
Footnotes (6)
- F1. Represents shares of Common Stock issued on September 15, 2026, 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.
- 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 Plan. The RSUs are accompanied by dividend equivalent rights.
- F4. Each RSU represents a contingent right to receive one share of Axos Financial, Inc. Common Stock.
- F5. The RSUs vest as to one-third of the shares on each anniversary date of grant.
- F6. Grant to the reporting person on September 15, 2026 of restricted stock units ("RSUs") under the Axos Financial, Inc. 2014 Stock Incentive Plan.
Key Figures
RSUs vested into Common Stock: 3,502 shares
New RSU grant: 2,968 RSUs
Shares withheld for taxes: 1,885 shares
+3 more
6 metrics
RSUs vested into Common Stock
3,502 shares
Vesting on September 15, 2026 for EVP, Chief Risk Officer
New RSU grant
2,968 RSUs
Granted on September 15, 2026 under 2014 Stock Incentive Plan
Shares withheld for taxes
1,885 shares
Common Stock retained by Axos Financial for tax withholding on vested RSUs
RSU-to-share ratio
1 share per RSU
Each RSU represents a contingent right to receive one share of Common Stock
Share price used in transactions
$92.68 per share
Price reported for Common Stock transactions on September 15, 2026
Indirect 401(k) holdings
2,723 shares
Common Stock held indirectly in a 401(k) Plan after reported transactions
Key Terms
Restricted Stock Units, dividend equivalent rights, net-settlement, tax withholding, +1 more
5 terms
Restricted Stock Units financial
"Grant to the reporting person on September 15, 2026 of restricted stock units"
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.
dividend equivalent rights financial
"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.
net-settlement financial
"in connection with the net-settlement on the issuance of shares of Common Stock"
tax withholding financial
"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.
401(k) Plan financial
"Common Stock held indirectly in a 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What RSU vesting did Axos Financial (AX) report for John Charles Tolla?
Axos Financial reported that 3,502 Restricted Stock Units vested for EVP and Chief Risk Officer John Charles Tolla on September 15, 2026, resulting in the issuance of 3,502 shares of Common Stock before tax withholding net-settlement.
What new RSU award did the Axos Financial (AX) executive receive?
On September 15, 2026, the executive received a grant of 2,968 Restricted Stock Units under the Axos Financial, Inc. 2014 Stock Incentive Plan. These RSUs vest as to one-third of the shares on each anniversary of the grant date.
Do the Axos Financial (AX) RSUs include dividend equivalent rights?
Yes. The filing states that the Restricted Stock Units granted to the reporting person under the Axos Financial, Inc. 2014 Stock Incentive Plan are accompanied by dividend equivalent rights, with each RSU representing a contingent right to receive one share of Common Stock.
Were the Axos Financial (AX) insider transactions under a Rule 10b5-1 plan?
No. The document-level Rule 10b5-1 checkbox is unchecked, indicating that the reported transactions were not affirmed as being made under a Rule 10b5-1 trading plan.
What indirect Axos Financial (AX) holdings were reported for the executive?
The Form 4 reports 2,723 shares of Axos Financial Common Stock held indirectly through a 401(k) Plan, in addition to the directly held shares associated with the RSU vesting and withholding transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
