Form 4: Axos Financial Executive Raymond Matsumoto Reports Stock Transactions
SEC Form 4 Filing
Raymond Matsumoto, EVP and COO of Axos Financial, reports the vesting and subsequent sale of shares to cover tax obligations.
Summary
- Raymond Matsumoto, EVP and COO of Axos Financial, reported transactions involving Axos Financial, Inc. common stock on March 19, 2024.
- These transactions involved the vesting of 1,152 Restricted Stock Units (RSUs) and the subsequent issuance of 1,152 shares of common stock at a price of $50.78 per share.
- Matsumoto also disposed of 674 shares to cover tax withholding obligations related to the RSU vesting, also at $50.78 per share.
- Following these transactions, Matsumoto directly owns 28,249 shares of common stock and indirectly owns 1,891 shares through a 401(k) plan.
- He also holds 27,737 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports stock transactions related to compensation.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/19/2024 | Date of stock transactions: RSU vesting and share disposal for tax withholding. |
| 03/21/2024 | Date of signature on the Form 4 filing. |
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