other material
confidence high
sentiment neutral
materiality 0.40
Velocity Financial approves FY 2026 comp plans tied to Core Net Income growth
Velocity Financial, Inc.
- CEO Farrar eligible for cash bonus $0–$1.5M; threshold $750k, max $1.5M based on Core Net Income growth.
- CFO Szczepaniak cash bonus range $0–$700k; threshold $350k, max $700k.
- EVP Taylor cash bonus range $0–$550k; threshold $275k, max $550k.
- PSU grants: Farrar 0–178,570 shares, Szczepaniak & Taylor 0–38,264 shares each over 3-year average growth.
- Bonuses and PSU vesting subject to Compensation Committee certification after fiscal year-end 2026 and 2028 respectively.