Co-Chief Executive Officer and Chairman of the Board · Dynex Capital Inc. (DX)

Byron Boston

A named executive officer of Dynex Capital in every fiscal year CompBrief holds from FY2016 to FY2025. Every figure below is printed as the company filed it and cited to the filing it came from.

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Total disclosed compensation, FY2025

$7,771,011

FY2024: $7,199,588

1st of 3 named executive officers at Dynex Capital by FY2025 total.

3 named officers on file for Dynex Capital, FY2025

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What this number hides

The filing gives the total. Dynex Capital’s full Executive Compensation Report gives every award, the disclosed peer set and what the total leaves out — the pair adds the board’s.

Compensation figures as of the proxy filed April 7, 2026 (DEF 14A). Insider transactions since that proxy, current to 2026-11-06.

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Byron Boston compensation by year

Dynex Capital Summary Compensation Table · all 10 fiscal years held
In US dollars, as Dynex Capital reports it. Most recent year shaded. Totals are the company’s disclosed totals.
ComponentFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Salary$675,000$675,000$700,000$700,000$750,000$750,000$800,000$850,000$900,000$900,000
Bonus$0$0$0$0$0$0$0$0$0$0
Stock awards$0$0$0$0$890,775$1,456,957$1,480,618$2,931,062$3,176,238$3,122,248
Option awards$0$0$0$0$0$0$0$0$0$0
Non-equity incentive$883,194$1,357,808$918,038$1,341,878$2,050,385$2,095,847$1,824,444$2,269,800$2,824,433$3,192,480
Pension and deferred compensation$0$0$0$0$0$0$0$0$0$0
All other$219,184$154,290$133,260$148,728$184,019$173,334$125,621$126,377$298,917$556,283
Total$1,777,378$2,187,098$1,751,298$2,190,606$3,875,179$4,476,138$4,230,683$6,177,239$7,199,588$7,771,011

Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: Dynex Capital Inc. DEF 14A filed April 7, 2026, accession 0001104659-26-040189, and prior-year filings. Open the filing on EDGAR.

How this page was built: the Dynex Capital Inc. filed document, accession 0001104659-26-040189. Every figure is read from that document and cited to the page and table it appears in. Filed April 7, 2026.

$1.8M
$2.2M
$1.8M
$2.2M
$3.9M
$4.5M
$4.2M
$6.2M
$7.2M
$7.8M
FY16
FY17
FY18
FY19
FY20
FY21
FY22
FY23
FY24
FY25
SalaryNon-equity incentiveStock awardsAll other

Equity holdings

unvested awards at FY2025 year-end
TypeUnvested unitsValue at year-endExercise price
RSU7,324,475$102,615,873—
PSU152,459$2,135,951—
PSU151,444$2,121,730—
RSU102,587$1,405,574—
RSU76,435$1,070,854—
RSU71,732$1,004,965—
RSU68,099$954,067—
RSU40,656$569,590—
RSU39,812$557,766—
RSU18,479$258,891—
RSU16,259$227,789—

Per the Outstanding Equity Awards at Fiscal Year-End table in Dynex Capital Inc.'s FY2025 proxy; value at the fiscal year-end close, as the company printed it.

Insider transactions since the last proxy

2 Form 4 lines since the FY2025 proxy (filed April 7, 2026)
current to 2026-11-06 · updated nightly
DateTransactionPlanSharesPriceHeld after
2026-10-20Purchase—9,180$10.89892,747
2026-09-08Tax withholding—15,667$12.89883,567

The 2 most recent of 2 lines, each as reported on the Form 4. "10b5-1" marks a trade the filing reports under a pre-arranged trading plan. View every Form 4 filing on EDGAR →

Dynex Capital’s named executive officers, FY2025

as the company reported each
Named executive officerRoleFY2025 total
Byron Boston · this pageCo-Chief Executive Officer and Chairman of the Board$7,771,011
Smriti PopenoeCo-Chief Executive Officer and President$7,675,275
Robert ColliganSenior Advisor to the Co-CEOs (former Chief Financial Officer)$3,717,639

Board service

Dynex Capital board · FY2021–FY2025

How this board is paid

Company policy: Dynex Capital pays directors a $100,000 cash retainer and $125,000 in Restricted Stock. As stated in Dynex Capital's FY2025 proxy.

Committees

Investment (Chair)

The full Dynex Capital compensation record

free company brief

This page is one person within Dynex Capital's record. The company brief lists every named executive, each linking to their own page.

Compensation, the day it’s disclosed

The CompBrief Daily Digest lists the newest executive and director compensation disclosures as companies file them. Or order Dynex Capital's full Executive Compensation Report with peer benchmarking.

How this record is built

Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are Dynex Capital's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.

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Byron Boston's compensation dossier