Company: AX
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001299709-25-000174
Chunk: 30

Company: Axos Financial, Inc.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 30
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 Trustmark (TRMK)                         
 United Community Banks (UCBI)            
 Western Alliance Bancorporation (WAL)    |

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#### Compensation Discussion & Analysis

#### Chief Executive Officer Compensation Plan
The Chief Executive Officer’s compensation plan is based upon peer analysis and forward-looking performance metrics. Although the Compensation Committee recognizes the value of the Chief Executive Officer’s capabilities, diversity of skill sets, quality of education and work experience, and history of success, the Compensation Committee relies on forward looking performance criteria and peer analysis to determine compensation. The Chief Executive Officer’s compensation plan has a lower level of fixed compensation than comparable peers and highly variable cash and RSU compensation components payable only upon strong overall financial performance of the Company in the fiscal year.

#### 2025 CEO Compensation Summary
| Salary and 401(k) |     |                                      |     | Non-equity incentive plan compensation |     | Stock Awards |
|                   |     | Total Performance-Based Compensation |     |                                        |     |              |

| Element of CEO Compensation                   |     | Compensation Objectives and Rationale                                                                                                                            |
| Salary and 401(k)                             |     | •Commensurate with the role, scope and complexity of each executive’s position relative to other executives and employees.                                       |
| Total Performance-Based Compensation          |     |                                                                                                                                                                  |
| Individual Factor                             |     | •Incentivizes specific non-financial management objectives that are not reflected in realized net income                                                         |
| Non-Equity Incentive Plan Compensation        |     |                                                                                                                                                                  |
| 15% Target Return on Equity                   |     | •Annual Target Cash Bonus only paid for exceptional performance                                                                                                  
 •15% Target Return on Equity set to the 97thpercentile of all exchange traded banks                                                                              
 •Negative carryforward promotes long-run performance without favoring a specific year                                                                            |
| Stock Awards                                  |     |                                                                                                                                                                  |
| Total Return to Stockholders Relative to XABQ |     | •Link long-term compensation to total return to stockholders and encourage long-term investments that will result in market recognizing long-term value creation 
 •Reward performance relative to XABQ index                                                                                                                       
 •Discourage excessive risk-taking due to long term formulaic negative carryforward and four year vesting period                                                  |

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#### Compensation Discussion & Analysis

#### CEO Base Salary
The Chief Executive Officer’s base salary was set at $700,000, the 8 th percentile of the Peer Group (meaning that 92% of the Peer Group CEO