Tam Fiona 4
Research Summary
AI-generated summary
Velocity Financial (VEL) Chief Accounting Officer Tam Fiona Receives Award
What Happened
- Tam Fiona, Chief Accounting Officer of Velocity Financial, had 453 shares withheld by the company to cover tax liabilities arising from the vesting of previously granted restricted stock. The withholding was recorded at $19.39 per share for a total value of $8,784.
Key Details
- Transaction date: 2026-01-23; filing date: 2026-01-26 (filed within the 2-business-day Form 4 window).
- Price used for withholding: $19.39 per share; shares withheld/disposed: 453; total value: $8,784.
- Shares owned after the transaction: not disclosed in the filing.
- Footnote: F1 — shares were withheld and retained by Velocity as payment for tax liabilities resulting from vesting of restricted stock (disposition code F).
Context
- This was a tax-withholding event tied to restricted stock vesting, not an open-market sale or purchase. Such withholdings are routine and reflect tax obligations rather than a discretionary sale by the insider.