Paul Grinberg - Nov 14, 2024 Form 4 Insider Report for Axos Financial, Inc. (AX)

Role
Director
Signature
By: Derrick K. Walsh For: Paul Grinberg
Stock symbol
AX
Transactions as of
Nov 14, 2024
Transactions value $
$0
Form type
4
Date filed
11/15/2024, 07:14 PM
Previous filing
Sep 4, 2024
Next filing
Dec 12, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AX Restricted Stock Units Award $0 +12.9K $0.00 12.9K Nov 14, 2024 Common Stock 12.9K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The RSUs were granted to the reporting person under the Axos Financial, Inc. Amended and Restated 2014 Stock Incentive Plan in connection with the reporting person's service as a member of the Board of Directors. The number of RSUs granted reflected a change in the compensation applicable to the nonemployee members of the Board of Directors to: (a) change the annual grant date from August of each year to the date of the annual meeting of the stockholders of Axos Financial, Inc.; (b) be based on certain approved dollar amounts (which for certain directors include premiums for service as chairman or vice chairman of the Board of Directors or its committees), divided by the closing stock price on the grant date; and (c) include additional amounts for this year?s grants in light of the delayed grant date for the current year.
F2 Each RSU represents a contingent right to receive one share of Axos Financial, Inc. Common Stock.
F3 The RSUs fully vest on the anniversary date of grant.