Aaron P. Graft

Vice Chairman, Chief Executive Officer, and President at Triumph Financial

Board

Since 2010

Age

47 years

Education

Earned a Bachelor of Arts, cum laude, and a Juris Doctorate, cum laude, from Baylor University.

Tenure

Founded Triumph Financial, Inc. in 2010 and currently serves as Vice Chairman, Chief Executive Officer, and President.

Also at Triumph Financial

ADN

Adam D. Nelson

Executive Vice President and General Counsel

David Vielehr

President of LoadPay

EJS

Edward J. Schreyer

Executive Vice President and Chief Operating Officer

About

Aaron P. Graft is a seasoned executive with a strong foundation in financial services, having earned his Bachelor of Arts and Juris Doctorate, both cum laude, from Baylor University.

Beginning his career at a prominent law firm focused on distressed loan workouts, he gained valuable experience before founding Triumph Financial, Inc. His early professional roles included leading multi-family and commercial real estate projects, which established his reputation in managing complex financial challenges.

Since joining the company in 2010, he has progressively assumed greater responsibilities, ultimately holding the roles of Vice Chairman, Chief Executive Officer, and President. His leadership at Triumph Financial, Inc., along with his involvement in affiliated financial institutions, underscores a commitment to strategic growth and operational excellence.

$TFIN Performance Under Aaron P. Graft

Past Roles

Organization	Role	Date Range	Details
Fulbright & Jaworski, LLP (now Norton Rose Fulbright LLP)	Attorney	N/A	Specialized in distressed loan workouts
Triumph Land and Capital Management, LLC	Founder and President	N/A	Oversaw multi-family and commercial real estate projects and led acquisition of distressed debt pools
Baylor University Hankamer School of Business Advisory Board	Advisory Board Member	N/A	Served on the advisory board

External Roles

Organization	Role	Date Range	Details
TBK Bank, SSB	Vice Chairman and Chief Executive Officer	N/A	N/A
Triumph Financial Services LLC	Vice Chairman	N/A	N/A
The Bank of the West of Thomas, Oklahoma	Director and Vice Chairman	N/A	N/A

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Salary	$725,000	2024	Base annual salary
Bonus	$0	2024	No bonus awarded
All Other Compensation	$70,265	2024	Includes 401(k) Contribution: $13,800, Club Memberships: $50,090, Executive Health: $6,375

Performance Compensation

Data from FY 2024

Equity Awards

Metric	Detail	Value
Grant Date	Award Grant Date	May 1, 2024
Grant Date Stock Price	Price per share	$72.00
Performance RSUs - Target Shares	Shares awarded	12,586
Performance RSUs - Maximum Shares	Maximum shares eligible	44,050
Restricted Stock Units	Shares awarded	6,293
Stock Options	Number of options	12,148
Option Exercise Price	Price per share	$72.00
Option Expiration	Expiration Date	May 1, 2034
Equity Fair Value (Performance Shares)	Valuation (Bank group per share)	$107.70
	Valuation (Fintech group per share)	$121.73
Equity Fair Value (RSUs)	Valuation per share	$72.00
Equity Fair Value (Options)	Black-Scholes value per option share	$37.30
Performance Metric - Relative TSR	Vesting percentages	Below 25th: 0%, 25th: 50%, 50th: 100%, 75th: 150%, 90th: 175%
Performance Metric - Absolute TSR Modifier	Modifier condition	No modifier if TSR ≤ 30%

Non-Equity Incentive Plan Compensation

Metric	Detail	Value
Threshold Payout	Minimum payout	$152,250
Target Payout	Target payout	$435,000
Maximum Payout	Maximum payout	$848,250
Overall Performance Percentage	Achievement level (resulting payout)	85% (Actual payout: $369,750)
Banking Segment Pre-Tax Net Income	Achievement compared to target	69% of target
Payments Segment EBITDA Margin	Achievement and margin detail	136% of target, 8.6% margin (Q4)
Factoring Segment Invoice Aging	Achievement and invoice collection efficiency	120% of target, 96.2% collected within 45 days
Individual/Business Objectives	Achievement compared to target	100% of target
Payment Timing	Payment year	Earned in 2024, paid in 2025