Company: AX
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001299709-25-000174
Chunk: 41

Company: Axos Financial, Inc.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 41
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 the fiscal year of the accounting grant date.

(2) Salary for fiscal year 2025 approved by the Compensation Committee in September 2024.

(3) Payments under Non-Equity Incentive Plans were earned in accordance with the employment contracts of Mr. Garrabrants. Amount for Mr. Garrabrants includes cash bonus plus $2.9 million of vested performance units for fiscal year 2023.

(4) Bonus earned during the fiscal years listed.

(5) Aggregate value of RSUs based upon the accounting grant date and calculated in accordance with ASC 710 and 718. The actual value at the end of the vesting period may be significantly higher or lower than the value presented depending upon the market value of the common stock at that time.

For Mr. Garrabrants, the $8.9 million, $9.4 million and $5.2 million value of the stock award for fiscal years 2025, 2024 and 2023 included in the table above, represents the ASC 718 aggregate grant date value of the RSU awards issuable in connection with the one-year renewal of his employment agreement. See the section “Impact of One-Year Renewal of Agreement on CEO RSU Award Grant Date” for a further description of these awards. As required by Item 402 of Regulation S-K, the table above presents the aggregate grant date value notwithstanding the RSU award represents a multi-year incentive award. The presentation required by Item 402 with respect to this award reduces the comparability of Mr. Garrabrants’ compensation year-over-year because it presents a multi-year incentive award as only being compensation in a single year. The resulting expense allocation will be spread across all vesting years in accordance with ASC 718. The total of the compensation expense of $23.6 million is being recognized in the income statement over fiscal years 2023 through 2030.

(6) All other compensation amounts are 401(k) matching contributions

(7) Mr. Swanson and Mr. Tolla were not NEOs in fiscal years 2024 and 2023.

| 49 |

#### Compensation Discussion & Analysis

#### Grants of Plan-Based Awards in Fiscal Year 2025
The table below shows all plan-based awards the Company made during fiscal year 2025 to the Named Executive Officers:

| Name                   |     | Grant         
 Date          |     | All Other Stock Awards: 
 Number of Shares of     
 Stock or Units(1)       |     |        |