Swanson Brian D 4
4 · Axos Financial, Inc. · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
Axos Financial President Brian D. Swanson Receives RSU Shares
What Happened
Brian D. Swanson, President, Consumer Bank of Axos Financial, had Restricted Stock Units (RSUs) vest on 2026-03-20 and received a total of 4,120 shares of common stock (2,943 + 1,177) with an attributable value of $341,672 (average price $82.93). Axos withheld 2,221 shares (1,587 + 634) for tax withholding, valued at $184,188, leaving Swanson with a net 1,899 shares retained worth about $157,484. The filing shows the RSUs converted to shares (derivative exercise/conversion) and the tax-related dispositions were to the issuer (net settlement).
Key Details
- Transaction date: March 20, 2026; filing date: March 24, 2026 (filed timely).
- Price used for value reporting: $82.93 per share.
- Shares issued on vesting: 4,120 shares (total value $341,672).
- Shares withheld for taxes (disposed to issuer): 2,221 shares (value $184,188).
- Net shares retained by insider: 1,899 shares (approx. $157,484).
- Footnotes: RSUs granted under Axos Financial stock incentive plans; vesting schedule described (one-third or one-fourth schedules per grant), RSUs include dividend equivalent rights, and shares were net-settled for tax withholding.
- Shares owned after the transaction are not specified in the provided excerpt of the filing.
Context
This was an award/vesting event (RSUs converting to common stock) with a net-settlement for taxes—not an open-market buy or a voluntary sale. The "exercise/conversion" and zero-dollar derivative dispositions reflect cancellation of the RSU interest upon issuance of shares. Such vesting/tax-withholding transactions are common executive compensation mechanics and do not by themselves indicate a change in insider sentiment.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-20$82.93/sh+2,943$244,063→ 59,067 total - Exercise/Conversion
Common Stock
[F1]2026-03-20$82.93/sh+1,177$97,609→ 60,244 total - Disposition to Issuer
Common Stock
[F2]2026-03-20$82.93/sh−1,587$131,610→ 58,657 total - Disposition to Issuer
Common Stock
[F2]2026-03-20$82.93/sh−634$52,578→ 58,023 total - Exercise/Conversion
Restricted Stock Units
[F3][F4][F5]2026-03-20−2,943→ 21,833 total→ Common Stock (2,943 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F4][F6]2026-03-20−1,177→ 20,656 total→ Common Stock (1,177 underlying)
- 2,869(indirect: By 401(k))
Common Stock
Footnotes (6)
- [F1]Represents shares of Common Stock issued on March 20, 2026, following the vesting of Restricted Stock Units ("RSUs") which vest as to one-third of the shares on each anniversary of the date of grant. The RSUs were previously granted to the reporting person under the Axos Financial, Inc. 2014 Amended and Restated 2014 Stock Incentive Plan.
- [F2]Represents shares of Common Stock retained by Axos Financial, Inc. for tax withholding purposes in connection with the net-settlement on the issuance of shares of Common Stock in respect to the vested RSUs.
- [F3]The RSUs were granted to the reporting person under the Axos Financial, Inc. 2014 Stock Incentive Plan. The RSUs are accompanied by dividend equivalent rights.
- [F4]Each RSU represents a contingent right to receive one share of Axos Financial, Inc. Common Stock.
- [F5]The RSUs vest over four years, one-fourth of the shares on each anniversary date of grant.
- [F6]The RSUs vest as to one-third of the shares on each anniversary date of grant.