Christopher J. Oltmann - Feb 14, 2022 Form 4 Insider Report for Velocity Financial, Inc. (VEL)

Role
Corporate Treasurer
Signature
/s/ Roland T. Kelly, by power of attorney
Stock symbol
VEL
Transactions as of
Feb 14, 2022
Transactions value $
$94,725
Form type
4
Date filed
2/16/2022, 03:21 PM
Previous filing
Jan 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VEL Common Stock Award $47.4K +3.75K +19.51% $12.63 23K Feb 14, 2022 Direct F1
transaction VEL Performance Stock Units Award $47.4K +3.75K +16.33% $12.63 26.7K Feb 14, 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Acquisition of restricted stock subject to annual vesting ratably over three years from grant date.
F2 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 2022, 2023 and 2024 with potential vesting of 0 to 7,500 shares following fiscal year end 2024.