---
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"
generated_at: "2026-05-16T09:33:56.699301+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Velocity Financial approves FY 2026 comp plans tied to Core Net Income growth

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-015556
- JSON: https://secwatch.observer/filing/0001193125-26-015556.json
- Plain text: https://secwatch.observer/filing/0001193125-26-015556.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.