Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. From basic He's accomplished way more than anyone thought he would, and we've seen what that crazy can look like. Prior to joining Axon, Pat was at McKinsey & Company in the Strategy & Corporate Finance practice where specialized in corporate restructuring and private equity in the renewable energy sector. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Josh was tapped to be Axons COO in June 2022. All proxy statements are public filings made available to the general public by the SEC. Benzinga does not provide investment advice. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction. In 2018, he stepped into the role of Chief Revenue Officer, responsible for Axons global growth, customer service, professional services, and sales operations, successfully driving annual growth rates in excess of 25%. View real-time stock prices and stock quotes for a full financial overview. He founded the company in a Tucson garage in 1993 after two of his friends were shot and killed. Isaiah holds a Bachelor of Arts and Juris Doctorate from Hofstra University. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Arvind joined Axon in 2015 and has held several roles within the Finance function. Axon (AXON 2.51%) CEO Patrick Smith shares some similarities to Tesla (TSLA -1.51%) founder Elon Musk, including his compensation package and business acumen, which have paid off for Smith and the company so far. The Motley Fool has a disclosure policy. [62], In June, 2022, after Axon proposed a plan for taser-armed drones to stop school shootings, Axon's own ethics board expressed disagreement with the plan[63] and issued a unanimous statement of concern. Patrick W Smith usually trades in November, with the busiest year in 2021. Officers can automatically map video evidence with real-time tagging of metadata. "[12] In April 2013, the Rialto Police Department released the results of a 12-month study on the impact of on-officer video using Axon Flex cameras. But in our notes we wrote, he can be a bit of a nut. ", "ELECTRONIC CONTROL DEVICE LEGAL OUTLINE", TASER Granted Summary Judgment Dismissing Product Liability Lawsuit, "Taser Loses 1st Product-Liability Suit; Jury Awards $6 Million", Appeals Court Significantly Reduces Award in Heston Lawsuit Against TASER, http://investor.taser.com/phoenix.zhtml?c=129937&p=irol-newsArticle&ID=1677761&highlight=, "Six years later, Coroner rules Robert Dziekanski's death at hands of Mounties at Vancouver airport was a homicide", "Commons committee probes Taser use by police", "Amnesty urges moratorium on Taser use after CBC/Radio-Canada probe", "Taser Employees Hit iTunes To 'Troll' Documentary That Probes Suspect Killings", "Taser Employees Appear to Troll Anti-Taser Documentary With Fake Reviews", "Taser staff appear to post negative reviews for film critical of stun guns", "Is This the Lawsuit That Kills TASER International? April 30, 2015. Coronavirus Tips Working and Protection. "Taser contributes to police families.". FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. WebSmith has served as Chief Executive Officer and as a director of the Company since 1993. Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider. [3], In 1969, NASA researcher Jack Cover began to develop a non-lethal electric weapon to help police officers control suspects, as an alternative to firearms. The board of directors of Axon Enterprise, the stun-gun and body-camera company formerly known as Taser International, recently disclosed 2018 compensation of $246 million for its CEO, Patrick Smith, in an annual proxy report filed April 16, 2019. An annual payout that big would easily set a record among Arizona CEOs. Axon and founder Patrick Smith are riding high. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov Josh joined Axon in 2009 as a member of Axons leadership development program and quickly established a strong track record of delivering results. Axon Enterprise, Inc's most recent insider trade came on April 4, 2023 by [22] As of 2017, they comprised a quarter of the company's business, while Axon cameras had a market share of 85% among police departments in the United States' major cities. I'm reminded of something that Morgan Housel said. Two cartridge types for Close Quarters and Stand-off situations, with dual laser including range adjusting lower laser. From 2017 to 2019, Brittany served on the Sonos board of directors, where she chaired the compensation committee. The study found an 88% drop in complaints filed against officers and nearly a 60% reduction in officer use-of-force incidents. Thomas P. Smith, co-founder. Doug Klint, president and General Counsel. Axon Enterprise, Inc. is an American Scottsdale, Arizona -based company which develops technology and weapons products for military, law enforcement and civilians. Its initial product and former namesake is the Taser, a line of electroshock weapons. Axon Enterprise shares are trading up 0.0% at $182.64 at the time of this writing on Monday morning. Mr. Smith owns over 98,000 units of Axon Enterprise Inc stock worth over $64,284,827 and over the last 6 years he sold AAXN stock worth over $46,674,609. Source: Kantar Media. Prisons, Probation and Parole, and juvenile justice. Here he supervises hardware, program, research & development, industrial design, and new product introduction as they relate to all hard goods and broad support packed related firmware. He is also a Certified Information Systems Auditor (CISA). . That's right -- they think these 10 stocks are even better buys. The company also announced an intent to offer free one-year trials of its body camera products and Evidence.com services to U.S. law enforcement agencies. We've seen that play out over the last 10 years. Axon Enterprise v. Federal Trade Commission. Additionally, he was named 2021 General Counsel of the Year for medium-sized public companies by Arizonas Corporate Council Awards. Guard Services, Hospital Security, Venue Security and Corporate Security, Tools for hospital and healthcare security. Patrick W. Smith, also known as Rick, founded Axon Enterprise, Inc. (formerly TASER International) in September 1993 and has been its Chief Executive Officer since 1993. Originally known as TASER International, Axons mission is to protect life which includes making bullets obsolete. in Information & Decision Systems from Carnegie Mellon University, and was recognized with the distinguished Alumni Achievement Award in 2014. "Taser tied to 'independent' study that backs stun gun. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. The connection between these two is that Smith's compensation package has been exactly modeled after Musk's. $0 was received in stock options, Axon Enterprise Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Train with a licensed TASER instructor at a facility near you. Patrick W. Smith serves as Chief Executive Officer, Director of the Company. Previously, Fields served as an Assistant Attorney General at the Arizona Attorney Generals Office, representing the state in complex civil litigation. As Chief Executive Officer at AXON ENTERPRISE, INC., The stock was sold at an average price of $224.36, for a total transaction of $583,336.00. If you reached this page via our site or search, please let us know by emailing, Epsteins Private Calendar Reveals Prominent Names, First Republic Bank Is Seized and Bulk Sold to JPMorgan, Randi Weingartens Incredible Covid Memory Loss, Speaker McCarthy Expects White House to Invite Netanyahu to Washington, Five Dead, Including Eight-Year-Old, in Texas Shooting, Pension Reform Protesters, Police Clash in Paris on May Day. This information is according to proxy statements filed for the 2021 fiscal year. [19] In June 2015, the company announced the formation of a new Seattle-based division known as Axon, which would encompass the company's technology businesses, including body cameras, digital evidence management, and analytics. It was designed to be head-mounted, and upload footage for online storage on a web-based service known as Evidence.com. Axon Enterprise, Inc. (NASDAQ:AXON Get Rating) CEO Patrick W. Smith sold 53,431 shares of the companys stock in a transaction on Thursday, March 30th. After completing graduate school in the summer of 1993, he co-founded Axon Enterprise, Inc. (F.K.A. This can include executives in the c-suite and large hedge funds. Morgan was writing about Elon Musk. ", Johnson, Kevin. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. He received an undergraduate degree from Harvard University, Patrick has made over 13 trades of the Axon Enterprise Inc stock since 2017, according to the Form 4 filled with the SEC. Ricks family bet everything they had to get the company off the ground, nearly driving his parents to financial insolvency, and were saved only through TASERs initial public offering in 2001. In the last 7 years, insiders at 17800 North 85th Street Scottsdale Arizona 85255 United States. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. "Ex-Albuquerque Police Chief Accused of Violating Ethics Laws in Auditors Report" "The Wall Street Journal". This evidence can be crucial for officers and prosecutors. WebTASER Pulse+ (2020) StrikeLight (2022) PROFESSIONAL TRAINING. It operates through the TASER segment and Software and Sensors segment. In fact, Axon's Board of Directors when they announced the way that this was going to be done, said explicitly, we are modeling this after Elon Musk's package. They sold at prices ranging from $181.78 to $187.12 to raise a total of $26,022,486 from the stock sale. All rights reserved. There are 5 older and 5 younger executives at Axon Enterprise Inc. [8], In 1993, Rick and Tom Smith (CEO Set Jet) formed AIR TASER, Inc. to, with Cover, design a version of the device that would use compressed nitrogen instead of gunpowder as a propellant. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Patrick Smith and his board obviously believe Axon can reach $13.5 billion over the next decade. in Government + Political Science from Harvard University. [64] Nine members of the ethics board resigned.[65]. Explore all our in-person and digital events, Experience Axon in person at our conferences and trade shows, Learn from our experts by registering for an upcoming or on-demand webinar, Read Insights and information on the latest public safety trends and technologies, The latest Axon tech in the most cost-effective package. They then sold their shares on succeeding transactions in the open market. Cost basis and return based on previous market day close. Many of the features introduced in these cameras,[32] such as the pre-event buffer, a method of capturing video from before the record button was pressed, have become common requirements in body-worn camera requests for proposal. The most recent stock trade was executed by Michael Garnreiter on 4 January 2021, trading 500 units of AAXN stock currently worth $61,505. As a Senior Vice President and Head of TASER, Pat is responsible for overseeing all aspects of strategy and operations for TASER. Yasser is responsible for leading Artificial Intelligence (AI), Imaging Systems and Connected Devices Software at Axon. Axon Enterprise, Inc. (NASDAQ:AXON Get Rating) CEO Patrick W. Smith sold 2,600 shares of the stock in a transaction that occurred on Monday, April 3rd. and bought an estimated value of $1.37B worth of shares. Patrick W. Smith made $33,115 in total compensation. Patrick W Smith who sold 2,600 units worth She holds a B.S. Prior to Seattle, Mike served as the Director of Law Enforcement Operations and Support at the International Association of Chiefs of Police. *Average returns of all recommendations since inception. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, in Political Science from the University of Colorado and an M.B.A. from the University of Redlands with advanced study at the University of Cambridge Institute of Economic and Political Studies. Patent lawsuits by TASER International led to the shutdown of both Stinger Systems and its successor company, Karbon Arms; both companies were founded by Robert Gruder. But the general thesis was Smith said, "Hey, I think Axon is going to be a much larger business in the future and I want to prove it and I want to put my money where my mouth is.". Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Its initial product and former namesake is the Taser, a line of electroshock weapons. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Richard earned a bachelors and masters degree in Electrical and Systems Engineering and an Executive masters in business administration from Arizona State University. Josh is a board member of the Phoenix Police Foundation and holds a B.S. Patrick has made over 13 trades of the Axon Enterprise Inc stock since 2017, according to the Form 4 filled with the SEC. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. - ATTORNEY AT LAW. In this capacity, Richard has overall responsibility for developing and implementing the Federal Sectors strategy and managing and executing the Federal Sectors profit and loss. WebFounder of Axon Enterprise, Inc., Patrick W. Smith currently is Chief Executive Officer & Director at this company. There are 10 executives at Axon Enterprise Inc getting paid more, with JoshuaIsner having the highest compensation of $22,389,900. Patrick W Smith's largest purchase order was 1,620,385 units , worth over In total, Patrick W Smith has made about 23 transactions over 2 years of their time at Axon Enterprise, Inc. The Motley Fool owns and recommends Axon Enterprise and Tesla. In Q3 we executed against our long term plan of creating the end-to-end technology platform for policing and public safety. He holds a B.A. Prior to Axon, Hans was the VP of ME/ID/NPI at Intel for six years where he oversaw wearable connected devices that included heads up display products for virtual reality, LTE connected devices, and wireless charging systems. [16], Especially in the wake of the Michael Brown shooting, the company's body camera business saw significant growth. Despite the controversies that have centered around the products (including deaths attributed to taser usage), the company maintained its dominant market position. Axons business includes the manufacture of electrical weapons and wearable cameras (such as those used by police forces). Our executive team is made up of leaders with broad business and technology experience. Richard Coleman II is President of Axon Federal. including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. The company has noted that it has lost two product liability lawsuits: This lawsuit represents the fifty-ninth (59th) wrongful death or injury lawsuit that has been dismissed or judgment entered in favor of TASER International. The incident provoked discussion and inquiries into the appropriateness of Taser use in law enforcement in Canada. Matt studied Mechanical Engineering at Marquette University and earned his MBA with the W.P. As of 22 December 2020 he still owns at least 368,310 units of Axon Enterprise Inc stock. In 2019, Rick published, The End of Killing, which challenges conventional wisdom by arguing that killing is a technology problem and offering a roadmap to solve it. In the last 7 years, insiders at Axon Enterprise, Inc have sold an estimated value of $563.16M Patrick Smith is 49, he's been the Chief Executive Officer and Director of Axon Enterprise Inc since 1993. The most recent transaction was a sale order of 2,600 units , worth Axon Enterprise, Inc. is an American Scottsdale, Arizona-based company which develops technology and weapons products for military, law enforcement, and civilians. Improve officer safety, provide tactical support, and reconstruct scenes. [12] It includes an automated redaction tool, audit trails for chain of custody purposes, and functionality to share evidence with prosecutors and others. The largest trade he's ever made was exercising 300,000 units of Axon Enterprise Inc stock on 15 May 2018 worth over $1,629,000. Two mobile apps integrate with the Axon cameras and Evidence.com. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Generali's No.3 investor Caltagirone withholds backing for 2022 accounts -sources, Musk says Tesla likely to launch full self-drive technology 'this year', Exclusive: JPMorgan employees gripe about Dimon's return-to-office edict, SpaceX rocket explosion illustrates Elon Musk's 'successful failure' formula, Cucinelli posts 33% rise in Q1 sales, confirms 2023 revenue growth forecast, Exclusive-Peter Thiel, Republican megadonor, won't fund candidates in 2024 - sources, Virginia Governor Youngkin 'humbled' by talk of possible presidential run, European Midday Briefing: Mood Brighter After -2-, Tim Cook unveils new Apple store in India, Morgan Stanley's dealmaking CEO Gorman signals more transactions to come. Invest better with The Motley Fool. $0 was awarded as stock Following the completion of the sale, the chief executive officer now directly owns 2,748,153 shares in the company, valued at Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Patrick E. Smith, Esq. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. In 2014, Josh led Axons domestic body camera and cloud software sales team to a record year and was subsequently promoted to Executive Vice President of Global Sales. Jenner oversees the information security program that protects Axon's systems and products. Specialist advice should be sought about your specific circumstances. Evidence Sync is a desktop application that allows law enforcement officers or military personnel to review and upload evidence from hardware devices and local files. [5] The Taser Public Defender used gunpowder as its propellant, which led the Bureau of Alcohol, Tobacco and Firearms to classify it as a firearm in 1976,[6][7] a decision that limited sales. Mr. Smith AAXN stock SEC Form 4 insiders trading. Arvind began his career as a mergers & acquisition analyst at Lazard Freres & Co. Arvind has a BA in Economics & Biology from the University of Chicago and earned his MBA from Columbia Business School. Rick Smith explained that the branch was inspired by Microsoft's use of the Xbox brand to branch into entertainment businesses, stating that "Axon was the name that we used for selling cameras historically, but we realized that brand had the room to grow and encompass all of our connected technologies." man found dead in littlehampton,
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