Axos Financial (AX) EVP exercises RSUs, returns shares for taxes and gains new award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Axos Financial, Inc. executive Michael James Watson reported routine equity compensation activity tied to restricted stock units on March 15, 2026. He exercised RSUs into 1,105 and 1,349 shares of common stock at $84.68 per share and received a new award of 2,020 RSUs under the company’s stock incentive plan.
A total of 610 and 685 common shares were returned to Axos Financial to cover tax withholding in connection with the net share settlement, rather than sold in the open market. After these transactions, Watson directly holds 5,753 shares of common stock and indirectly holds 777 shares through a 401(k) plan, indicating these are standard compensation and tax-related movements rather than discretionary trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,454 shares exercised/converted
Mixed
8 txns
Insider
Watson Michael James
Role
Insider
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,105 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,349 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 2,020 | $0.00 | -- |
| Exercise | Common Stock | 1,105 | $84.68 | $94K |
| Exercise | Common Stock | 1,349 | $84.68 | $114K |
| Disposition | Common Stock | 610 | $84.68 | $52K |
| Disposition | Common Stock | 685 | $84.68 | $58K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 10,971 shares (Direct);
Common Stock — 5,699 shares (Direct);
Common Stock — 777 shares (Indirect, 401(k) Plan)
Footnotes (1)
- Represents shares of Common Stock issued on March 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. 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 BofI Holding, Inc. 2004 and 2014 Stock Incentive Plans. Each RSU represents a contingent right to receive one share of BofI Holding, Inc. Common Stock. 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. 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. Grant to the reporting person on March 15, 2026 of restricted stock units ("RSUs") under the Axos Financial, Inc. 2014 Stock Incentive Plan.
FAQ
What insider transactions did Axos Financial (AX) report for Michael James Watson?
Axos Financial reported that executive Michael James Watson exercised restricted stock units into common shares and received a new RSU grant. Some shares were returned to the company for tax withholding, reflecting routine compensation-related activity rather than discretionary open-market trading.
What new equity award did Michael James Watson receive from Axos Financial (AX)?
Michael James Watson received a grant of 2,020 restricted stock units under the Axos Financial 2014 Stock Incentive Plan. Each RSU represents a contingent right to one share of common stock and is accompanied by dividend equivalent rights, vesting one-third on each anniversary of the grant date.