Velocity Financial's 2024 Executive Compensation Details

Ticker: VEL · Form: DEF 14A · Filed: 2025-04-11T00:00:00.000Z

Sentiment: neutral

Topics: executive-compensation, DEF 14A, equity-awards

TL;DR

Velocity Financial dropped its 2024 exec comp details - equity awards are the name of the game.

AI Summary

Velocity Financial, Inc. filed its DEF 14A on April 11, 2025, for the fiscal year ending December 31, 2024. The filing details executive compensation, including equity awards granted to both non-PEO and PEO members. Specific tables outline the change in fair value of outstanding equity awards and those vesting during the covered year.

Why It Matters

This filing provides transparency into how Velocity Financial compensates its top executives, which can influence investor perception and company performance.

Risk Assessment

Risk Level: medium — DEF 14A filings are routine but can reveal significant information about executive compensation and corporate governance, which may impact stock price.

Key Numbers

2024 — Fiscal Year (Compensation details for this year are being disclosed.)
2025 — Filing Year (The DEF 14A was filed in 2025.)

Key Players & Entities

Velocity Financial, Inc. (company) — Filer of the DEF 14A
0001692376 (company) — Central Index Key for Velocity Financial, Inc.
20250411 (date) — Filing date of the DEF 14A
2024-12-31 (date) — Fiscal year end for which compensation is reported

FAQ

What is the primary purpose of this DEF 14A filing?

The primary purpose is to provide detailed information regarding the company's annual meeting of stockholders and executive compensation, as required by the Securities Exchange Act of 1934.

What is the fiscal year end for Velocity Financial, Inc.?

The fiscal year end for Velocity Financial, Inc. is December 31st.

When was this DEF 14A filing submitted?

This DEF 14A filing was submitted on April 11, 2025.

What types of compensation elements are detailed in the summary compensation tables?

The summary compensation tables detail equity awards, including their grant date fair value, outstanding and unvested awards, and changes in fair value.

Does the filing distinguish between different groups of executives regarding compensation?

Yes, the filing distinguishes between 'Peo Member' (Principal Executive Officer) and 'NonPeoNeo Member' (Non-Principal Executive Officer, Non-Equity Incentive Plan Award) for equity awards.

From the Filing

0001193125-25-078790.txt : 20250411 0001193125-25-078790.hdr.sgml : 20250411 20250411113856 ACCESSION NUMBER: 0001193125-25-078790 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 29 CONFORMED PERIOD OF REPORT: 20250523 FILED AS OF DATE: 20250411 DATE AS OF CHANGE: 20250411 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Velocity Financial, Inc. CENTRAL INDEX KEY: 0001692376 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] ORGANIZATION NAME: 02 Finance EIN: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-39183 FILM NUMBER: 25830589 BUSINESS ADDRESS: STREET 1: 2945 TOWNSGATE ROAD STREET 2: SUITE 110 CITY: WESTLAKE VILLAGE STATE: CA ZIP: 91361 BUSINESS PHONE: 866-505-3863 MAIL ADDRESS: STREET 1: 2945 TOWNSGATE ROAD STREET 2: SUITE 110 CITY: WESTLAKE VILLAGE STATE: CA ZIP: 91361 FORMER COMPANY: FORMER CONFORMED NAME: Velocity Financial, LLC DATE OF NAME CHANGE: 20161214 DEF 14A 1 d903141ddef14a.htm DEF 14A DEF 14A Table of Contents DEF 14A false 0001692376 0001692376 2024-01-01 2024-12-31 0001692376 2022-01-01 2022-12-31 0001692376 2023-01-01 2023-12-31 0001692376 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001692376 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001692376 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001692376 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001692376 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:PeoMember 2024-01-01 2024-12-31 0001692376 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember 2024-01-01 2024-12-31 0001692376 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember 2024-01-01 2024-12-31 0001692376 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:PeoMember 2024-01-01 2024-12-31 0001692376 1 2024-01-01 2024-12-31 0001692376 2 2024-01-01 2024-12-31 0001692376 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001692376 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001692376 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001692376 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001692376 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember 2023-01-01 2023-12-31 0001692376 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:PeoMember 2023-01-01 2023-12-31 0001692376 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:PeoMember 2023-01-01 2023-12-31 0001692376 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember 2023-01-01 2023-12-31 0001692376 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0001692376 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0001692376 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0001692376 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0001692376 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember 2022-01-01 2022-12-31 0001692376 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:PeoMember 2022-01-01 2022-12-31 0001692376 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:PeoMember 2022-01-01 2022-12-31 0001692376 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember 2022-01-01 2022-12-31 iso4217:USD xbrli:pure     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     SCHEDULE 14A Proxy Statement Pursuant to Sectio