Company: AX
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001299709-25-000174
Chunk: 39

Company: Axos Financial, Inc.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 39
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 determining compensation awarded to the other Named Executive Officers for fiscal year 2025, the Compensation Committee and CEO performed a global review of both overall and relative individual Named Executive Officer performance, peer bank NEO compensation levels, business unit performance and corporate performance. There were no predetermined or mathematical weightings; rather, the Compensation Committee and CEO considered the overall performance of each executive, including consideration of unplanned events and issues emerging during the fiscal year. Based on their evaluation, the Compensation Committee and CEO used their judgment in making compensation determinations for each of the other Named Executive Officers. As a general rule, bonuses for the other Named Executive Officers are targeted between 200% and 300% of base salary in cash and stock compensation. The Named Executive Officers have a lower level of fixed compensation compared to peers and a variable performance-based bonus consisting of both cash and RSUs. In undertaking the compensation determinations, the CEO and Compensation Committee conduct the following steps on an annual basis:

• evaluate employee performance against specified business objectives;

### •

### review business performance targets and objectives; and
• set base salary levels, and amounts and targets for incentive cash bonus plan.

| 47 |

#### Compensation Discussion & Analysis

### Compensation Discussion and Analysis Highlights
The following is a summary of the Compensation Discussion and Analysis, for the complete Compensation Discussion and Analysis please refer to the section beginning on page 32.

| Performance-Based Compensation Factor(1)      |     | Compensation Objectives and Rationale                                                                                                                            |     | Fiscal Year 2025 Accomplishments                                                              |
| Individual Factor                             |     | •Incentivizes specific non-financial management objectives that are not reflected in realized net income                                                         |     | •Improved net interest margin by 28 basis points to 4.90%                                     
 •Grew net loans by nearly 10% from the prior year                                             
 •Increased deposits by $1.4 billion to $20.8 billion                                          |
| Non-Equity Incentive Plan Compensation        |     |                                                                                                                                                                  |     |                                                                                               |
| 15% Target Return on Equity                   |     | •Annual Target 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                                                                            |     | •Achieved a 17.30% return on average common equity, outperforming the target return on equity |
| Stock Awards                                  |     |