Axis Capital (AXS) officer uses common shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AXIS Capital Holdings Ltd executive Daniel J. Draper, the Group Chief Underwriting Officer, reported two tax-related share dispositions. On March 1, 2026, he used 2,586 common shares and 2,941 common shares, each at $105.72 per share, to cover tax liabilities on equity awards. Following these tax-withholding transactions, he continued to hold 25,623 and 22,682 common shares in the respective holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Draper Daniel J
Role
Grp Chief Underwriting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 2,586 | $105.72 | $273K |
| Tax Withholding | Common Shares | 2,941 | $105.72 | $311K |
Holdings After Transaction:
Common Shares — 25,623 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did AXIS Capital (AXS) report for Daniel J. Draper?
AXIS Capital reported that Daniel J. Draper executed two tax-withholding share dispositions. On March 1, 2026, he used 2,586 and 2,941 common shares, respectively, to satisfy tax obligations related to equity awards, rather than conducting open-market sales.
Was the AXIS Capital (AXS) insider activity a typical tax-withholding transaction?
Yes, both transactions were coded “F,” indicating payment of tax liability by delivering securities. Draper disposed of common shares specifically to cover taxes on equity awards, which is a routine administrative mechanism rather than a discretionary open-market purchase or sale.