Brooks Conrad D. 4
Research Summary
AI-generated summary
AXIS (AXS) Chief Admin & Legal Officer Brooks Conrad Exercises Options; Shares Withheld
What Happened
- Brooks Conrad, Chief Administrative and Legal Officer at AXIS Capital Holdings Ltd (AXS), completed option exercises where a total of 7,286 shares were withheld to satisfy tax liabilities. The filings show 3,983 shares withheld at $105.72 each ($421,083) and 3,303 shares withheld at $105.72 each ($349,193), for a combined value of $770,276. These were tax-withholding dispositions (code F), not open-market sales.
Key Details
- Transaction dates: March 1, 2026
- Prices: $105.72 per share for both withholdings
- Shares withheld / disposed: 3,983 and 3,303 (total 7,286)
- Value: $421,083 and $349,193 (total $770,276)
- Transaction code: F (payment of exercise price or tax liability via withheld shares)
- Shares owned after transaction: not specified in the provided summary of the filing
- Filing date: March 3, 2026 (filed two days after the transaction date; not indicated as late in provided data)
Context
- This was a routine cashless-style outcome of option exercises where shares are retained/forfeited to cover taxes. That type of withholding is common and does not necessarily signal a deliberate sale into the market. The filing is informational and does not by itself indicate insider sentiment.