AX Form 4: David Park RSU Vesting, Tax-Withholding, and 3,197-Unit Grant
Rhea-AI Filing Summary
David Park, President, Commercial Bank at Axos Financial, Inc. (AX) received vesting and a new RSU grant on September 15, 2025. Two tranches of previously granted restricted stock units vested, resulting in the issuance of 1,793 and 1,477 shares of common stock at an indicated price of $90.29 per share (transaction code M). Axos withheld 750 and 910 shares to satisfy tax-withholding obligations related to the net settlement of the vested RSUs. The filing also shows a new grant of 3,197 RSUs on September 15, 2025. After these transactions, the reporting person’s beneficial ownership figures are reported in the form (including direct and indirect holdings, and shares under RSUs).
Positive
- Vesting of RSUs aligns executive compensation with long-term shareholder interests via equity incentives
- New RSU grant (3,197) demonstrates continued use of equity awards to retain and motivate management
Negative
- Tax-withholding disposals (750 and 910 shares) reduced the number of shares received by the reporting person
- No open-market purchases disclosed that would indicate personal capital deployment into AX shares
Insights
TL;DR Routine executive equity vesting and a new RSU grant; minor share withholding for taxes; no indication of market disposition beyond withholding.
The Form 4 documents customary compensation events: vesting of prior RSU awards that converted into 1,793 and 1,477 shares, and a contemporaneous grant of 3,197 new RSUs. The shares issued on vesting show net-settlement withholding of 750 and 910 shares, which is a standard tax-related disposition rather than an open-market sale. Transaction code M indicates shares were issued upon vesting, not purchased in the market. These events are primarily compensation-accounting and governance disclosures rather than signals of material operational change.
TL;DR Compensation-related filings reflecting vesting schedule adherence and grant activity; consistent with equity incentive plan mechanics.
The report confirms RSUs granted under the 2014 Stock Incentive Plan with typical one-third annual vesting. Dividend equivalent rights accompany the RSUs and the report discloses net-share withholding to cover taxes. The new grant of 3,197 RSUs and the conversion of earlier RSUs are routine governance matters documenting executive alignment with long-term incentive structures. No departures, sales beyond withholding, or plan amendments are disclosed.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,793 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,477 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 3,197 | $0.00 | -- |
| Exercise | Common Stock | 1,793 | $90.29 | $162K |
| Exercise | Common Stock | 1,477 | $90.29 | $133K |
| Disposition | Common Stock | 750 | $90.29 | $68K |
| Disposition | Common Stock | 910 | $90.29 | $82K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents shares of Common Stock issued on September 15, 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. Grant to the reporting person on September 15, 2025 of restricted stock units ("RSUs") under the Axos Financial, Inc. 2014 Stock Incentive Plan.
