THIELE CANDACE L 4
4 · Axos Financial, Inc. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Axos Financial (AX) EVP Candace Thiele Receives RSU Award
What Happened
Candace L. Thiele, EVP & Chief Administrative Officer of Axos Financial, had restricted stock units (RSUs) convert to common shares on March 15, 2026. Two conversion entries show 398 and 405 shares converted at $84.68 per share (values $33,703 and $34,295; total ~$67,998). Axos withheld 215 and 219 shares to cover taxes (dispositions to issuer) at the same per‑share price (values $18,206 and $18,545; total withheld ~$36,751). Net from those conversions, Thiele received 369 shares (803 converted minus 434 withheld) with a net value of about $31,247. Separately, the filing also shows a grant of 1,063 RSUs on March 15, 2026.
Key Details
- Transaction date: March 15, 2026; Form 4 filed March 16, 2026 (filed the next day).
- Conversion/exercise codes: M = exercise/conversion of derivative (RSU conversion); D = disposition to issuer (tax withholding); A = grant/award (new RSU grant).
- Conversion prices recorded at $84.68 per share. Gross value of converted shares ≈ $67,998; shares withheld for taxes ≈ $36,751. Net shares received from these conversions = 369 shares.
- Shares owned after transaction: not specified in this filing.
- Notable footnotes: RSUs vest per the company plan, vesting schedule is one‑third annually; withheld shares represent net‑settlement for tax withholding; RSUs include dividend equivalent rights.
Context
RSUs are contingent rights to receive common stock when they vest (derivative instruments). This filing reports routine vesting and net‑settlement (issuer withheld shares to cover taxes) rather than an open‑market buy or sale. The filing does not indicate a 10% owner or a 10b5‑1 plan. Routine tax withholding of vested RSUs is common and should not be taken as a directional trade signal.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-15$84.68/sh+398$33,703→ 810 total - Exercise/Conversion
Common Stock
[F1]2026-03-15$84.68/sh+405$34,295→ 1,215 total - Disposition to Issuer
Common Stock
[F2]2026-03-15$84.68/sh−215$18,206→ 1,000 total - Disposition to Issuer
Common Stock
[F2]2026-03-15$84.68/sh−219$18,545→ 781 total - Exercise/Conversion
Restricted Stock Units
[F3][F4][F5]2026-03-15−398→ 4,327 total→ Common Stock (398 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F4][F5]2026-03-15−405→ 3,922 total→ Common Stock (405 underlying) - Award
Restricted Stock Units
[F6][F4][F5]2026-03-15+1,063→ 4,985 total→ Common Stock (1,063 underlying)
- 348(indirect: By 401(k))
Common Stock
Footnotes (6)
- [F1]Represents shares of Common Stock issued on March 15, 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 as to one-third of the shares on each anniversary date of grant.
- [F6]Grant to the reporting person on March 15, 2026 of restricted stock units ("RSUs") under the Axos Financial, Inc. 2014 Stock Incentive Plan.