EXIT EVENT doesn't fire until I exit the form. Shouldn't it fire on exit of control?

[Marty L]

I have a textbox control and set up an EXIT event on an excel \ vba form.
However it doesn't
fire until I exit the form. Shouldn't it fire when I click on another
control?

If I set up an AfterUpdate event for the same control, this works fine.

Am I mis-interpreting how the exit event works? Reading the documentation
implies it should fire when I move from one control to another - similar to
the LostFocus event.

Thanks, Marty