Phillips David S. 4

What Happened
David S. Phillips, Chief Investment Officer of Axis Capital Holdings Ltd. (AXS), was reported as acquiring two awards on Jan 27, 2026: 5,853 and 17,198 performance-based restricted stock units (total 23,051 RSUs). Each award is recorded at $0.00 (award/grant code A). These RSUs are compensation awards rather than open-market purchases or sales.

Key Details

• Transaction dates and amounts: Jan 27, 2026 — 5,853 RSUs @ $0.00; Jan 27, 2026 — 17,198 RSUs @ $0.00 (total 23,051 RSUs).
• Filing date: Jan 29, 2026; appears to have been filed within the Form 4 reporting window.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: On Jan 27, 2026 the Human Capital and Compensation Committee determined the performance criteria were met for RSUs originally granted Jan 24, 2023. The RSUs will vest in a single installment on Mar 1, 2026.
• Transaction code: A = Award/Grant (these are compensation awards, not market buys/sales).

Context
Performance-based RSUs are a form of executive compensation tied to pre-set goals; being awarded RSUs does not necessarily reflect an immediate cash transaction. The filing reports acquisition at $0.00 because these are granted awards; the actual economic value to the insider will depend on Axis Capital's stock price when the RSUs vest on Mar 1, 2026.