Constantine Thomas M 4
4 · Axos Financial, Inc. · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
Axos Financial (AX) EVP Thomas Constantine Receives RSUs; 606 Withheld
What Happened Thomas M. Constantine, Executive Vice President and Chief Credit Officer of Axos Financial (AX), had 1,124 restricted stock units (RSUs) convert to common stock on March 20, 2026, with a reported market value of $82.93 per share (total $93,213). Of those shares, 606 were delivered back to Axos Financial to satisfy tax withholding obligations (606 shares × $82.93 = $50,256), leaving a net 518 shares issued to the reporting person. The filing shows the conversion of the RSUs (transaction code M) and the disposition to the issuer for tax withholding (transaction code D/F).
Key Details
- Transaction date: March 20, 2026; Filing date: March 24, 2026 (filing appears timely).
- Converted/issued: 1,124 shares at $82.93 (value $93,213) — reported as exercise/conversion of a derivative (RSU conversion).
- Withheld for taxes: 606 shares at $82.93 (value $50,256) — disposition to issuer/net-settlement.
- Net shares received by insider: 518 shares.
- Relevant footnotes: RSUs were granted under Axos Financial’s 2014 Stock Incentive Plan, vest one‑third each anniversary of grant, are accompanied by dividend equivalent rights, and each RSU equals one share (F1–F5).
- Shares owned after the transaction: not specified in the provided filing.
Context This was a vesting of RSUs with a standard net‑settlement (company retained shares to cover taxes), not an open‑market purchase or opportunistic sale. For retail investors, RSU vestings are routine compensation events; the withholding of shares for taxes is common and does not by itself indicate a buy/sell signal about the insider's view of the stock.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-20$82.93/sh+1,124$93,213→ 18,795 total - Disposition to Issuer
Common Stock
[F2]2026-03-20$82.93/sh−606$50,256→ 18,189 total - Exercise/Conversion
Restricted Stock Units
[F3][F4][F5]2026-03-20−1,124→ 13,594 total→ Common Stock (1,124 underlying)
- 2,934(indirect: By 401(k))
Common Stock
Footnotes (5)
- [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 as to one-third of the shares on each anniversary date of grant.