Form 4: Axos Financial Director Paul Grinberg Reports Stock Transactions Following RSU Vesting

Director Paul Grinberg reports acquisition and disposal of Axos Financial stock related to vesting of Restricted Stock Units (RSUs) on August 31, 2024.

Summary

• On August 31, 2024, Paul Grinberg, a director of Axos Financial, Inc., engaged in transactions involving the company's common stock due to the vesting of Restricted Stock Units (RSUs).
• Grinberg acquired 6,050 shares at $69.43 following the vesting of RSUs that vest in thirds annually.
• He also acquired 18,150 shares at $69.43 following the vesting of RSUs that vest fully on the one-year anniversary of the grant date.
• Simultaneously, 9,075 and 3,024 shares were disposed of at $69.43 to cover tax liabilities associated with the vested RSUs.
• Following these transactions, Grinberg directly owns 143,295 shares of Axos Financial common stock.
• He also holds 18,150 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It reflects standard compensation practices using RSUs.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a director.

Key Dates