Smriti Popenoe compensation by year
Dynex Capital Summary Compensation Table · all 10 fiscal years held| Component | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Salary | $408,000 | $435,000 | $435,000 | $435,000 | $500,000 | $575,000 | $700,000 | $750,000 | $844,295 | $900,000 |
| Bonus | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock awards | $0 | $0 | $0 | $0 | $445,388 | $977,379 | $1,133,592 | $2,595,663 | $2,254,100 | $3,122,248 |
| Option awards | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Non-equity incentive | $400,390 | $648,787 | $427,871 | $625,412 | $1,025,192 | $1,337,879 | $1,396,840 | $2,017,600 | $2,824,433 | $3,192,480 |
| Pension and deferred compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| All other | $76,600 | $59,015 | $53,597 | $57,386 | $80,844 | $90,060 | $73,292 | $142,863 | $233,026 | $460,547 |
| Total | $884,990 | $1,142,802 | $916,468 | $1,117,798 | $2,051,424 | $2,980,318 | $3,303,724 | $5,506,126 | $6,155,854 | $7,675,275 |
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.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| RSU | 5,959,249 | $83,489,051 | — |
| PSU | 151,444 | $2,121,730 | — |
| PSU | 108,197 | $1,515,840 | — |
| RSU | 84,177 | $1,144,745 | — |
| RSU | 76,435 | $1,070,854 | — |
| RSU | 54,920 | $769,429 | — |
| RSU | 48,328 | $677,075 | — |
| RSU | 41,358 | $579,425 | — |
| RSU | 39,812 | $557,766 | — |
| RSU | 18,479 | $258,891 | — |
| RSU | 12,448 | $174,396 | — |
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.
Dynex Capital’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| Byron Boston | Co-Chief Executive Officer and Chairman of the Board | $7,771,011 |
| Smriti Popenoe · this page | Co-Chief Executive Officer and President | $7,675,275 |
| Robert Colligan | Senior Advisor to the Co-CEOs (former Chief Financial Officer) | $3,717,639 |
Board service
Dynex Capital board · FY2024–FY2025How 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
Smriti Popenoe's compensation dossier, Dynex Capital
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Peer companies
named in the Dynex Capital proxy · each links to its own free briefCompensation, the day it’s disclosed
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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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