Schaefer Joy L. 4

What Happened

Joy L. Schaefer, a director of Velocity Financial, received an award of 5,413 restricted shares on 2026-05-21. The shares are reported at an acquisition price of $17.55 each, for a total value of $94,998. This transaction is an award/grant (not an open-market purchase or sale) tied to her board position.

Key Details

• Transaction date: 2026-05-21; Form filed: 2026-05-22 (filed within the normal 2-business-day window).
• Transaction type/code: A (award/grant of restricted stock).
• Shares granted: 5,413 at $17.55 each; total reported value $94,998.
• Shares owned after transaction: Not specified in the filing.
• Footnote: Annual grant of restricted stock upon re-election by shareholders (per filing footnote F1).
• No 10b5-1 plan, tax-withholding, or late-filing flags are noted in the reported details.

Context

This was a standard director compensation grant tied to re-election, reported as an acquisition via award. Restricted stock awards are typically subject to vesting and are common for non-employee directors; the filing does not specify any vesting schedule or immediate sale of shares, and therefore does not directly indicate a buy/sell market signal.