Axon Enterprise (NASDAQ: AXON) awards CLO 10,488 performance shares
Rhea-AI Filing Summary
AXON ENTERPRISE, INC. reported that Chief Legal Officer Isaiah Fields acquired 10,488 shares of common stock via vesting of performance-based restricted stock units (XSUs). These units were originally granted on December 22, 2023 under the 2024 eXponential Stock Plan after the Compensation Committee certified performance for the fourth tranche on August 16, 2026.
The tranche is scheduled to vest on December 1, 2026, subject to continued employment, and the resulting shares are subject to a minimum holding period until the earlier of December 31, 2030 or a subsequent tranche vesting, excluding any shares withheld or sold for taxes. Following this award, Fields directly holds 58,044.014 shares of Axon common stock.
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Insider Trade Summary
Net Buyer: 10,488 shares
Net Buy
1 txn
Insider
Fields Isaiah
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 10,488 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 58,044.014 shares (Direct)
Footnotes (1)
- F1. The transaction consists of performance-based restricted stock units (collectively, "XSUs") granted on December 22, 2023 pursuant to the Axon Enterprise, Inc. 2024 eXponential Stock Plan, for which the performance conditions for the fourth tranche of XSUs (the "Tranche") were certified by the issuer's Compensation Committee of the Board of Directors on August 16, 2026 as having been met. The Tranche will vest on December 1, 2026, subject to continued employment through such date. Following the vesting, the shares deliverable for the Tranche are subject to a minimum holding period until the earlier of (i) December 31, 2030 and (ii) the date on which a subsequent tranche of XSUs vests, excluding shares withheld or sold to cover applicable taxes.
Key Figures
Shares acquired: 10,488 shares
Post-transaction holdings: 58,044.014 shares
Vesting date: December 1, 2026
+3 more
6 metrics
Shares acquired
10,488 shares
Performance-based restricted stock units (fourth tranche of XSUs) becoming earned
Post-transaction holdings
58,044.014 shares
Total AXON common stock directly held by Isaiah Fields after the reported award
Vesting date
December 1, 2026
Scheduled vesting date of the reported XSU tranche, subject to continued employment
Holding period end date
December 31, 2030
Latest date for minimum holding period on delivered tranche shares, unless a later tranche vests earlier
Grant date of XSUs
December 22, 2023
Original grant date of the performance-based restricted stock units under the 2024 eXponential Stock Plan
Performance certification date
August 16, 2026
Date the Compensation Committee certified performance conditions for the fourth XSU tranche
Key Terms
performance-based restricted stock units, 2024 eXponential Stock Plan, Compensation Committee, minimum holding period
4 terms
performance-based restricted stock units financial
"The transaction consists of performance-based restricted stock units (collectively, "XSUs") granted"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
2024 eXponential Stock Plan financial
"granted on December 22, 2023 pursuant to the Axon Enterprise, Inc. 2024 eXponential Stock Plan"
Compensation Committee financial
"were certified by the issuer's Compensation Committee of the Board of Directors"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
minimum holding period financial
"shares deliverable for the Tranche are subject to a minimum holding period until"
FAQ
What did AXON (AXON) disclose about Isaiah Fields in this Form 4?
AXON disclosed that Chief Legal Officer Isaiah Fields acquired 10,488 shares of common stock through performance-based restricted stock units. These shares relate to the fourth tranche of XSUs granted under the 2024 eXponential Stock Plan after performance conditions were certified.
What kind of equity award did Isaiah Fields receive from AXON (AXON)?
Isaiah Fields received performance-based restricted stock units (XSUs) that convert into 10,488 AXON common shares. The award was granted under the 2024 eXponential Stock Plan and became earned when performance for the fourth tranche was certified.
When will the reported AXON (AXON) XSU tranche for Isaiah Fields vest?
The reported XSU tranche for Isaiah Fields will vest on December 1, 2026, subject to continued employment through that date. Only after this vesting will the 10,488 shares be delivered, with additional holding-period restrictions then applying.
Were Isaiah Fields’ AXON (AXON) transactions under a Rule 10b5-1 plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not marked, so this award recognition is not reported as occurring under a pre-arranged trading plan. It reflects certification and vesting mechanics of an existing performance-based award.
AI-generated analysis. How Rhea-AI works. Not financial advice.
