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

Reporting relationship: Corporate Treasurer
Issuer ticker: VEL
Reported as of: 14 Feb 2022
Net transaction value: +$94,725
SEC form: 4
Accepted by SEC: 16 Feb 2022, 15:21:04 UTC
Prior SEC filing: 19 Jan 2022
Source filing: View source filing
Reporting owner signature: /s/ Roland T. Kelly, by power of attorney

Key filing fact

Christopher J. Oltmann filed Form 4 for Velocity Financial, Inc. (VEL) on 16 Feb 2022.

Key facts

This page summarizes Christopher J. Oltmann's Form 4 filing for Velocity Financial, Inc. (VEL).
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 16 Feb 2022, 15:21.

Change

Previous filing in this sequence was filed on 19 Jan 2022.
Current net transaction value: +$94,725.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

VEL transaction

Common Stock

Award

Transaction value: $47,362
Shares: +3,750
Change %: +20%
Price: $12.63
Shares after: 22,968
Date: 14 Feb 2022
Ownership: Direct
Footnotes: F1

VEL transaction

Performance Stock Units

Award

Transaction value: $47,362
Shares: +3,750
Change %: +16%
Price: $12.63
Shares after: 26,718
Date: 14 Feb 2022
Ownership: Direct
Footnotes: F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

Acquisition of restricted stock subject to annual vesting ratably over three years from grant date.

Footnote 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.