Jeffrey T. Taylor - 21 Jan 2025 Form 4 Insider Report for Velocity Financial, Inc. (VEL)

Role
Executive VP, Capital Markets
Signature
/s/ Roland T. Kelly, by power of attorney
Issuer symbol
VEL
Transactions as of
21 Jan 2025
Transactions value $
$699,991
Form type
4
Filing time
21 Jan 2025, 17:15:05
Previous filing
15 Jan 2025
Next filing
24 Jan 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VEL Common Stock Award $350K +18.6K +13.23% $18.82 159K 21 Jan 2025 Direct F1
transaction VEL Performance Stock Units Award $350K +18.6K +11.68% $18.82 178K 21 Jan 2025 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Acquisition of restricted stock subject to annual vesting ratably over three years from grant date.
F2 Grant of Performance Stock Units. Under the terms of the grant, 100% of the PSUs are subject to forfeiture based on Velocity's average annual performance as measured by Core Net Income Annual Growth for fiscal years 2025, 2026 and 2027 with potential vesting of 0 to 200% of the granted PSUs following fiscal year end 2027.