Form 4: Axos Financial EVP Raymond Matsumoto Reports Stock Transactions
SEC Form 4 Filing
Raymond Matsumoto, EVP and Chief Operating Officer of Axos Financial, reports the vesting and subsequent sale of shares for tax withholding.
Summary
- On August 25, 2024, Raymond Matsumoto, EVP and Chief Operating Officer of Axos Financial, Inc., reported transactions involving Axos Financial common stock.
- Matsumoto acquired 1,494 shares of common stock upon the vesting of Restricted Stock Units (RSUs) at a price of $69.69 per share.
- Simultaneously, 803 shares were disposed of at $69.69 per share to cover tax withholding obligations related to the RSU vesting.
- Following these transactions, Matsumoto directly owns 29,802 shares and indirectly owns 1,891 shares through a 401(k) plan.
- He also holds 24,381 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they represent routine executive compensation and tax withholding.
Key Dates
| Date | Description |
|---|---|
| 08/25/2024 | Date of stock transactions (vesting of RSUs and sale for tax withholding). |
| 08/28/2024 | Date of report submission. |
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