Form 4: Axos Financial Executive John Tolla Reports Stock Transactions Following RSU Vesting
SEC Form 4 Filing
EVP John Charles Tolla reports the vesting of restricted stock units (RSUs) and subsequent stock transactions.
Summary
- On March 19, 2024, John Charles Tolla, EVP, Chief Governance, Risk & at Axos Financial, Inc., reported transactions involving common stock related to the vesting of Restricted Stock Units (RSUs).
- 832 shares of common stock were issued to Tolla following the vesting of RSUs at a price of $50.78 per share.
- 448 shares were withheld by Axos Financial, Inc. for tax purposes related to the RSU vesting, also at $50.78 per share.
- Following these transactions, Tolla directly owns 24,783 shares of common stock and indirectly owns 2,440 shares through a 401(k) plan.
- Tolla also holds 17,493 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 trading activities and holdings in the company's stock.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they represent routine executive compensation and tax withholding.
Key Dates
| Date | Description |
|---|---|
| 03/19/2024 | Date of RSU vesting and stock transactions |
| 03/21/2024 | Date of signature on the Form 4 filing |
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