Velocity Financial Inc. has introduced its FY 2026 Annual Cash Incentive Program and Performance Stock Units Program for key executive officers. Under the cash incentive program, CEO Christopher D. Farrar is eligible for a performance-based bonus ranging from $0 to $1,500,000, CFO Mark R. Szczepaniak from $0 to $700,000, and Executive Vice President Jeffrey T. Taylor from $0 to $550,000. Bonus determinations will be based on criteria including asset quality, risk management, leadership, strategic initiatives, team building, and completion of special projects, and are subject to Compensation Committee certification after fiscal year-end 2026. The 2026 Performance Stock Units Program grants executives the opportunity to earn shares of common stock based on the company’s Core Net Income Annual Growth for fiscal years 2026, 2027, and 2028. Farrar may receive up to 178,570 shares, while Szczepaniak and Taylor may each receive up to 38,264 shares, contingent on the company’s average Core Net Income Annual Growth over the three-year period.

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