Christopher D. Farrar - Jan 21, 2025 Form 4 Insider Report for Velocity Financial, Inc. (VEL)

Role
Chief Executive Officer, Director
Signature
/s/ Roland T. Kelly, by power of attorney
Stock symbol
VEL
Transactions as of
Jan 21, 2025
Transactions value $
$2,899,974
Form type
4
Date filed
1/21/2025, 05:15 PM
Previous filing
Jul 1, 2024
Next filing
Feb 19, 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 $1.45M +77K +15.41% $18.82 577K Jan 21, 2025 Direct F1
transaction VEL Performance Stock Units Award $1.45M +77K +13.35% $18.82 654K Jan 21, 2025 Direct F2
holding VEL Common Stock 203K Jan 21, 2025 Family Trust
* 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.