Company: AX
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001299709-25-000174
Chunk: 26

Company: Axos Financial, Inc.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 26
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 individual performance as well as the results of market data prepared by the Compensation Committee’s independent compensation consultant. The Compensation Committee’s executive compensation decision for the CEO is determined by a binding written agreement. For NEOs other than the CEO, the Compensation Committee receives input from the CEO, reviews peer data and utilizes its business judgment to determine compensation.

The key components of our fiscal year 2025 executive compensation program for Named Executive Officers consist of a base salary, a short-term performance-based cash incentive, a long-term performance-based RSU incentive, and a 401(k) plan. The Compensation Committee reviews and determines executive compensation for the CEO at the end of the fiscal year and awards cash and share-based bonuses for other executives semi-annually.

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#### Compensation Discussion & Analysis

#### Elements of Direct Compensation
The following table summarizes the primary elements of the Company’s direct compensation arrangements and how such elements support the Company’s other compensation objectives in the short and long term:

| Element                                                    |     | How Compensation Objectives Are Met                                                                                                                                                            |
| SHORT-TERM                                                 |     |                                                                                                                                                                                                |
| Base Salary                                                |     | Commensurate with the role, scope and complexity of each executive’s position relative to other executives and employees.                                                                      |
| Annual Non-Equity Incentive Plan Compensation (Cash Bonus) |     | Varies based on the Company attaining annual performance measures that are aligned with the business strategy and stockholders’ interests.                                                     |
| Benefits and Perquisites                                   |     | Establishes limited perquisites in line with market practice that include health and welfare insurance coverage and 401(k) plan benefits on the same basis as our general employee population. |
| LONG-TERM                                                  |     |                                                                                                                                                                                                |
| Long-Term Incentive Compensation (RSUs)                    |     | Varies based on long-term total stockholder return (“TSR”) and promotes stockholders’ interests.                                                                                               |

#### Long-Term Equity Incentive Compensation
The Company designed the 2014 Plan with a focus on aligning NEO incentives with long-term stockholder value. RSU awards are used by the Company to create a long-term incentive program.

The RSU awards granted under the 2014 Plan are awarded to NEOs based on achievement of performance objectives and then generally vest over three years, one-third on each one-year anniversary of the award. Mr. Garrabrants’ awards currently vest over four years, one-fourth at the end of each fiscal year. Expense related to Mr. Garr