In recent years, Axos Financial, Inc.

David Park, Executive Vice President of Commercial Banking and Treasury Management at Axos Financial, was awarded a total compensation package of $1,487,213 in 2024. This package included a base salary of $420,000, a bonus of $553,945, and a substantial stock award valued at $502,018, along with nominal other compensation[^1]. This reflects Axos' strategic focus on rewarding key executives who drive core business segments, particularly those pivotal to the expansion and efficiency of commercial banking operations.


Comparatively, the compensation of executives in previous years highlights a growing trend in both financial rewards and the evolution of the company’s compensation strategy. For example, in 2009, Michael J. Berengolts, Vice President and Chief Technology Officer, received a total compensation of $219,370. His package comprised a salary of $154,927, an incentive plan compensation of $30,000, and an option award of $34,443[^4]. Notably, in earlier years like 2011 and 2010, the focus on stock and option awards remained prevalent. Thomas Pancheri, in 2011, received a stock award of $3,600 alongside an option award of $40,608, while Gordon L. Witter, Jr. in 2010, received a stock award of $4,000 and option awards amounting to $32,600[^2][^3].

The noticeable transition in compensation structures over these periods highlights Axos Financial's prioritization of securities-based compensation and performance-linked incentives. These are instrumental in aligning executive performance with shareholder value, a pivotal strategy as Axos expands its footprint within the federally chartered savings institution sector. The company’s current stock performance, with a market price of $79.62, further underscores its stability and investor confidence, having achieved a yearly high of $88.46[^6].

As Axos continues to mature in the market, the ongoing evolution and structuring of executive compensation will likely play a crucial role in sustaining competitiveness and ensuring strategic alignment with long-term corporate objectives.

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[^1]: https://www.sec.gov/Archives/edgar/data/1299709/000129970924000193/0001299709-24-000193-index.htm
[^2]: https://www.sec.gov/Archives/edgar/data/1299709/000119312511254286/0001193125-11-254286-index.htm
[^3]: https://www.sec.gov/Archives/edgar/data/1299709/000119312510218849/0001193125-10-218849-index.htm
[^4]: https://www.sec.gov/Archives/edgar/data/1299709/000119312509198328/0001193125-09-198328-index.htm
[^5]: https://www.sec.gov/Archives/edgar/data/1299709/000119312508201363/0001193125-08-201363-index.htm
[^6]: Current price and market data for Axos Financial, Inc.