secwatch.observer — SEC 8-K summary
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Issuer:     Velocity Financial, Inc. (VEL)
CIK:        0001692376
Form:       8-K
Filed at:   2026-01-20T23:59:59+00:00
Accession:  0001193125-26-015556
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692376/000119312526015556/0001193125-26-015556-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692376/000119312526015556/vel-20260115.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-015556

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer