Farrar Christopher D. 4
4 · Velocity Financial, Inc. · Filed Jan 13, 2023
Insider Transaction Report
Form 4
Farrar Christopher D.
DirectorChief Executive Officer
Transactions
- Award
Performance Stock Units
2023-01-13$10.00/sh+70,875$708,750→ 356,750 total - Award
Common Stock
2023-01-13$10.00/sh+70,875$708,750→ 285,875 total
Holdings
- 202,916(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 2023, 2024 and 2025 with potential vesting of 0 to 141,750 shares following fiscal year end 2025.