Company: AX
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001299709-25-000174
Chunk: 35

Company: Axos Financial, Inc.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 35
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 respectively, on each award’s grant date. The remaining unrecognized $16.3 million estimate for the RSU awards associated with the original agreement and each subsequent one-year renewal will be recognized as compensation expense to be amortized over each of the following five fiscal years provided the CEO maintains employment with the Company as follows:

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#### Compensation Discussion & Analysis
| FY 2026    |     |    FY 2027 |     |    FY 2028 |     |    FY 2029 |     |  FY 2030 |
| $6,882,764 |     | $4,976,873 |     | $2,723,817 |     | $1,327,028 |     | $404,202 |

The information appearing in this section “Impact of One-Year Renewal of Agreement on CEO RSU Award Grant Date” and the tables above shall not be deemed a substitute for the information set forth in the Summary Compensation Table and other tables included below. In accordance with Item 402 of Regulation S-K under the Exchange Act, the entire estimated value of the awards associated with the renewals occurring during fiscal years 2025, 2024 and 2023 of $8.9 million, $9.4 million and $5.2 million, respectively, appears as one grant in each respective year in the Summary Compensation Table.

Total Return to Stockholder Relative to XABQ Index

The annual RSU award is a long-term incentive designed to provide a risk-balanced approach to executive compensation.

| Compensation Objective and Rationale                                                                                                                                    
 Link long-term compensation more closely to total return to stockholders and encourage long-term investments that result in market recognizing long-term value creation |     | •Adjusted current share awards in the event of the Company’s share price underperformance and link directly to total return to stockholder                                                                                                                                                                                                                                
 •Symmetric upside rewards and downside penalties associated with the Equity Award Formula, coupled with the reliance on relative performance versus the Peer Group, provides stronger incentives to create stockholder value than more typical plans that provide awards during unprofitable years and fail to carry forward negative performance over a multiyear period |
|:------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Reward performance relative to XABQ index                                                                                                                               |     | •Compensation is driven by performance relative to the Company’s competition                                                                                                                                                                                                                                                                                              
 •Index most closely resembles the Company’s competition                                                                                                                                                                                                                                                                                                                   
 •No rewards or penalties for market factors increasing or decreasing, respectively