{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-015176","form_type":"8-K","ticker":"VEL","cik":"0001692376","company_name":"Velocity Financial, Inc.","filed_at":"2024-02-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.139177+00:00","generated_at":"2026-06-06T02:26:35.927920+00:00","sec_items":["5.02"],"event_type":"other","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Velocity Financial approves FY2024 incentive programs tied to Core Net Income growth","bullets":["CEO Farrar eligible for cash bonus of $315k (threshold) to $1.26M (max) based on 2024 Core Net Income growth.","CFO Szczepaniak and EVP Taylor have threshold bonuses of $147,656 and $118,125, max $590,625 and $472,500.","PSU grants range from 0 to 139,028 shares for CEO; 0-48,410 for CFO; 0-44,686 for EVP based on 3-yr avg Core Net Income growth.","Individual performance bonuses of $0 to same max amounts based on asset quality, leadership, strategic initiatives."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-015176","json":"https://secwatch.observer/filing/0000950170-24-015176.json","markdown":"https://secwatch.observer/filing/0000950170-24-015176.md","text":"https://secwatch.observer/filing/0000950170-24-015176.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692376/000095017024015176/0000950170-24-015176-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692376/000095017024015176/vel-20240214.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T02:26:35.927920+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}