{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-015556","form_type":"8-K","ticker":"VEL","cik":"0001692376","company_name":"Velocity Financial, Inc.","filed_at":"2026-01-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.907727+00:00","generated_at":"2026-05-16T09:33:56.699301+00:00","sec_items":["5.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Velocity Financial approves FY 2026 comp plans tied to Core Net Income growth","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-015556","json":"https://secwatch.observer/filing/0001193125-26-015556.json","markdown":"https://secwatch.observer/filing/0001193125-26-015556.md","text":"https://secwatch.observer/filing/0001193125-26-015556.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692376/000119312526015556/0001193125-26-015556-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692376/000119312526015556/vel-20260115.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T09:33:56.699301+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"}