Szczepaniak Mark R 4
Research Summary
AI-generated summary
Velocity Financial (VEL) CFO Mark R. Szczepaniak Withholds 4,329 Shares
What Happened
- Mark R. Szczepaniak, Chief Financial Officer of Velocity Financial, had 4,329 shares withheld by the company on 2026-01-23 to satisfy tax liabilities tied to the vesting of previously granted restricted stock. The shares were valued at $19.39 each, for a total of $83,939. This was a withholding for taxes (code F), not an open-market sale.
Key Details
- Transaction date and price: 2026-01-23 at $19.39 per share.
- Shares affected: 4,329 shares withheld (disposed) to cover tax obligations; total value ~$83,939.
- Footnote: F1 — Shares were withheld and retained by Velocity as payment for tax liabilities from vesting of restricted stock.
- Filing: Form 4 filed 2026-01-26 (appears to be within the normal SEC reporting window).
- Shares owned after transaction: not specified in the information provided in this summary; see the full Form 4 for post-transaction holdings.
Context
- This is a routine tax-withholding event (sometimes called net share settlement) following vesting of restricted stock. It is not an open-market sale and does not necessarily reflect a change in the insider’s view of the company.