{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-007452","form_type":"8-K","ticker":"VEL","cik":"0001692376","company_name":"Velocity Financial, Inc.","filed_at":"2025-01-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.467037+00:00","generated_at":"2026-05-27T19:47:42.362187+00:00","sec_items":["5.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"Velocity Financial approves FY2025 cash incentive and PSU programs for executives","bullets":["Cash bonus for CEO, CFO, EVP tied to 2025 Core Net Income Annual Growth; threshold bonuses $315k, $147.7k, $118.1k; max $1.26M, $590.6k, $472.5k.","Executives also eligible for individual performance bonuses up to same amounts based on leadership, risk management, strategic initiatives.","PSU grants vest based on average Core Net Income Annual Growth over 2025-2027; CEO eligible for 0-154,090 shares; CFO/EVP 0-37,194 each.","Bonuses and PSUs require Compensation Committee certification after fiscal year-end (cash) or 2027 (PSUs)."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-007452","json":"https://secwatch.observer/filing/0000950170-25-007452.json","markdown":"https://secwatch.observer/filing/0000950170-25-007452.md","text":"https://secwatch.observer/filing/0000950170-25-007452.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692376/000095017025007452/0000950170-25-007452-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692376/000095017025007452/vel-20250121.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T19:47:42.362187+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"}