Christopher D. Farrar - Feb 14, 2022 Form 4 Insider Report for Velocity Financial, Inc. (VEL)

Role
Chief Executive Officer, Director
Signature
/s/ Roland T. Kelly, by power of attorney
Stock symbol
VEL
Transactions as of
Feb 14, 2022
Transactions value $
$1,136,700
Form type
4
Date filed
2/16/2022, 03:20 PM
Next filing
Jan 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VEL Common Stock Award $568K +45K +24.32% $12.63 230K Feb 14, 2022 Direct F1
transaction VEL Performance Stock Units Award $568K +45K +19.57% $12.63 275K Feb 14, 2022 Direct F3
holding VEL Common Stock 143K Feb 14, 2022 FN 2 F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Acquisition of restricted stock subject to annual vesting ratably over three years from grant date.
F2 Held indirectly through through a family trust.
F3 Grant of Performance Stock Units. Under the terms of the grant, 100% of the PSUs are subject to forfeiture based on Velocity's average annual performance as measured by Core Net Income Annual Growth for fiscal years 2022, 2023 and 2024 with potential vesting of 0 to 90,000 shares following fiscal year end 2024.