Phillips David S. 4

What Happened David S. Phillips, Chief Investment Officer of AXIS Capital Holdings Ltd. (AXS), had a total of 14,327 shares disposed on March 1, 2026 as payment to cover tax liabilities (reported as Code F). The filing shows 9,511 shares at $105.72 each ($1,005,503) and 4,816 shares at $105.72 each ($509,148), for a combined value of roughly $1,514,651. These dispositions are tax-withholding/share-surrender transactions tied to an exercise or vesting event, not open-market sales.

Key Details

• Transaction date: 2026-03-01; Filing date: 2026-03-03 (appears timely).
• Prices and amounts: 9,511 shares @ $105.72 = $1,005,503; 4,816 shares @ $105.72 = $509,148. Total 14,327 shares, ~$1.51M.
• Transaction code: F — payment of exercise price or tax liability (shares were surrendered/withheld to satisfy taxes).
• Shares owned after transaction: Not specified in the summary provided; see the full Form 4 for post-transaction holdings.
• No indication in the provided data that this was a 10% owner transaction or part of a 10b5-1 plan.

Context Code F transactions typically reflect routine tax withholding after option exercises or RSU vesting and are not the same as an open-market sale; they generally do not signal a change in the insider’s view of the company. For full details (including any underlying option exercises or grants), consult the complete Form 4 filing (Accession No. 0001214816-26-000111).