Form 4: Axos Financial EVP Reports Routine Stock Transactions

Axos Financial's EVP, Chief Credit Officer, Thomas M. Constantine, reported the vesting of restricted stock units, subsequent tax-related share sales, and a new RSU grant.

Summary

• Thomas M. Constantine, EVP, Chief Credit Officer of Axos Financial, Inc. (AX), reported transactions involving the company's common stock and restricted stock units (RSUs).
• On March 15, 2026, 2,032 shares and 1,585 shares of common stock were acquired upon the vesting of RSUs, each valued at $84.68.
• Concurrently, 1,168 shares and 855 shares of common stock were disposed of at $84.68 per share to cover tax withholding obligations related to the RSU vesting.
• Following these transactions, Mr. Constantine directly beneficially owns 17,671 shares of common stock.
• An additional 2,934 shares are indirectly beneficially owned through a 401(k) Plan.
• On the same date, Mr. Constantine was granted 2,953 new restricted stock units (RSUs) under the Axos Financial, Inc. 2014 Stock Incentive Plan.
• After these derivative transactions, Mr. Constantine directly beneficially owns 14,718 restricted stock units.
• The RSUs vest as to one-third of the shares on each anniversary date of grant and are accompanied by dividend equivalent rights.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, detailing routine executive compensation and tax-related transactions without indicating significant operational or strategic shifts.

Positives

• The vesting of 3,617 restricted stock units (RSUs) indicates the realization of previously granted equity compensation.
• A new grant of 2,953 restricted stock units (RSUs) demonstrates continued equity-based compensation for the executive, aligning interests with shareholders.

Negatives

• The disposition of 2,023 shares of common stock for tax withholding purposes reduces the executive's direct shareholding.

Future Outlook

The filing indicates that the newly granted restricted stock units will vest as to one-third of the shares on each anniversary date of grant, implying future share issuances.

Industry Context

StockSavvy.ai notes that Form 4 filings provide transparency into insider activity, which can sometimes offer insights into management's confidence or lack thereof in the company's future prospects. These specific transactions relate to routine equity compensation and tax planning, common practices in executive compensation across the financial services industry.

Stakeholder Impact

• Shareholders: Minor impact as these are routine compensation-related transactions, not open market sales or purchases that would signal a change in management's outlook.

Next Steps

• Future vesting of the newly granted restricted stock units (RSUs) on each anniversary date of grant.

Key Dates

Keywords

Axos Financial, AX, Form 4, Insider Transaction, Restricted Stock Units, RSU, Executive Compensation, Stock Incentive Plan