Company: AX
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001299709-25-000174
Chunk: 38

Company: Axos Financial, Inc.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 38
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 Performance Units, if any, will vest and be paid over a minimum of four years (subject to a maximum annual payment of $3,000,000).

#### CEO Pay Ratio
SEC rules require most publicly traded companies to provide information regarding the relationship of the median annual total compensation of our employees, other than our CEO, to the annual total compensation of Mr. Garrabrants, our CEO.

We identified the median employee by calculating the total compensation of all persons excluding the CEO who were employed by us as of June 30, 2025, including full-time and part-time employees. We considered regular pay for salaried and hourly employees, overtime, equity compensation and taxable cash benefits, including cash incentive payments, and referral fee income, for the fiscal year ended June 30, 2025 as reflected by our internal payroll records. We made annualizing adjustments to the compensation of full time employees who joined us mid-year.

We then ranked the fiscal year 2025 compensation received by all of the employees in our employee population other than our CEO to determine our median employee. Once we identified our median employee, we calculated such employee’s annual total compensation in the same manner as our named executive officers’ compensation is determined for purposes of the Summary Compensation Table.

Based on this methodology, we determined that:

• The annual total compensation of our median employee was $102,287.

• The annual total compensation of Mr. Garrabrants, our Chief Executive Officer, was $11,694,915.

• The ratio of Mr. Garrabrants’ total compensation for 2025 to that of the median employee was 114 to 1.

Mr. Garrabrants’ RSU award included in his fiscal year 2025 compensation calculation is highly dependent on the Company’s performance, as described in the preceding pages, and may not be realized by Mr. Garrabrants. If the Company does not outperform its peers in fiscal year 2026, Mr. Garrabrants would not be awarded any RSUs and his received fiscal year 2025 compensation would be reduced to $2,802,472 and the ratio to median employee to 27 to 1.

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#### Compensation Discussion & Analysis

#### Other Named Executive Officers
With regard to the compensation paid to each Named Executive Officer other than the CEO, the CEO is authorized to evaluate and review the performance of each Named Executive Officer (other than himself) and recommends their compensation packages to the Compensation Committee for approval, with consideration for regional and industry standards. In