Axos (AX) insider Thomas Constantine reports RSU vesting and tax-withholding
Rhea-AI Filing Summary
Thomas M. Constantine, EVP and Chief Credit Officer of Axos Financial, Inc. (AX), reported transactions dated 09/23/2025 involving vested restricted stock units (RSUs). On that date 2,039 shares of common stock were issued following RSU vesting at an indicated price of $88.46 per share. Concurrently, 1,098 shares were retained by Axos Financial for tax withholding, leaving the reporting person with 19,337 shares directly beneficially owned and 2,776 shares held indirectly through a 401(k) plan. After these transactions the reporting person beneficially owned 15,382 shares subject to RSUs that remain unvested. The RSUs were granted under the Axos Financial, Inc. 2014 Stock Incentive Plan and vest in one-third increments on each anniversary of the grant.
Positive
- Increased direct ownership: Reporting person ended with 19,337 shares directly beneficially owned after vesting.
- Timely, compliant disclosure of RSU vesting and net-settlement for tax withholding in a Form 4 filing.
Negative
- None.
Insights
TL;DR Insider received vested RSUs totaling 2,039 shares; tax withholding accounted for 1,098 shares, netting increased direct ownership.
The reported activity is a routine vesting event under the company's equity incentive plan rather than an open-market purchase or sale. The issuance price listed at $88.46 corresponds to the value used for the net-settlement and reporting. The transaction increases the reporting person's direct holdings to 19,337 shares and leaves 15,382 shares still subject to future vesting. For investors, this is a non-cash compensation realization by an executive and does not, by itself, indicate a change in corporate strategy or balance sheet leverage.
TL;DR This filing documents standard executive compensation vesting and tax withholding; disclosure is consistent with Section 16 reporting requirements.
The form shows compliance with timely reporting of RSU vesting and net-share settlement for taxes. The RSUs include dividend equivalent rights and vest one-third annually, per the 2014 Stock Incentive Plan disclosed in the filing. No voluntary open-market sale or discretionary transfer is reported. From a governance perspective, the disclosure is complete for the event described and aligns with typical equity compensation administration practices.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,039 | $88.46 | $180K |
| Exercise | Common Stock | 2,039 | $88.46 | $180K |
| Disposition | Common Stock | 1,098 | $88.46 | $97K |
| 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.
