Velocity Financial Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average management tenure


CEO

Chris Farrar (55 yo)

18.83yrs

Tenure

US$2,647,384

Compensation

Mr. Christopher D. Farrar, also known as Chris, is the Co-founder, Chief Executive Officer, President and Director of Velocity Financial, Inc. (formerly known as Velocity Financial, LLC) since 2004. He ser...


CEO Compensation Analysis

How has Chris Farrar's remuneration changed compared to Velocity Financial's earnings?
DateTotal Comp.SalaryCompany Earnings
Sep 30 2022n/an/a

US$32m

Jun 30 2022n/an/a

US$26m

Mar 31 2022n/an/a

US$22m

Dec 31 2021US$3mUS$600k

US$21m

Sep 30 2021n/an/a

US$23m

Jun 30 2021n/an/a

US$21m

Mar 31 2021n/an/a

-US$32m

Dec 31 2020US$3mUS$450k

-US$31m

Sep 30 2020n/an/a

-US$36m

Jun 30 2020n/an/a

-US$35m

Mar 31 2020n/an/a

US$15m

Dec 31 2019US$864kUS$348k

US$17m

Sep 30 2019n/an/a

US$11m

Jun 30 2019n/an/a

US$11m

Mar 31 2019n/an/a

US$10m

Dec 31 2018US$715kUS$300k

US$8m

Compensation vs Market: Chris's total compensation ($USD2.65M) is about average for companies of similar size in the US market ($USD2.63M).

Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Christopher Farrar
Co-Founder18.83yrsUS$2.65m1.15%
$ 3.7m
Mark Szczepaniak
Chief Financial Officer5.5yrsUS$1.21m0.23%
$ 734.2k
Jeffrey Taylor
Executive Vice President of Capital Markets18.83yrsUS$1.07m0.22%
$ 718.4k
Fiona Tam
Chief Accounting Officer0.75yrno data0.073%
$ 235.6k
Christopher Oltmann
Corporate Treasurer & Director of Investor Relations3.17yrsno data0.071%
$ 228.1k
Roland Kelly
Chief Legal Officer2.33yrsno data0.10%
$ 331.7k
Graham Comley
Chief Information Officer of Velocity Commercial Capital LLCno dataUS$375.60kno data
Joseph Cowell
Chief Operating Officer of Velocity Commercial Capital LLCno dataUS$420.60kno data

4.3yrs

Average Tenure

52yo

Average Age

Experienced Management: VEL's management team is considered experienced (4.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Christopher Farrar
Co-Founder18.83yrsUS$2.65m1.15%
$ 3.7m
John Pitstick
Independent Director2.83yrsUS$200.00k0.14%
$ 439.3k
Alan Mantel
Independent Chairman of the Board15.83yrsno datano data
John Pless
Independent Director15.83yrsno datano data
Katherine Verner
Independent Director1.42yrsno datano data
Joy Schaefer
Lead Independent Director2.83yrsUS$190.00k0.082%
$ 265.2k
Dorika Beckett
Independent Director2.33yrsUS$190.00k0.059%
$ 191.1k
Michael Chiao
Independent Director1.58yrsno datano data

2.8yrs

Average Tenure

54yo

Average Age

Experienced Board: VEL's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.