Farrar Christopher D. 4
4 · Velocity Financial, Inc. · Filed Feb 16, 2022
Insider Transaction Report
Form 4
Farrar Christopher D.
DirectorChief Executive Officer
Transactions
- Award
Common Stock
2022-02-14$12.63/sh+45,000$568,350→ 230,000 total - Award
Performance Stock Units
2022-02-14$12.63/sh+45,000$568,350→ 275,000 total
Holdings
- 142,916(indirect: FN 2)
Common Stock
Footnotes (3)
- [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.