Velocity Financial Management
Management criteria checks 2/4
Velocity Financial's CEO is Chris Farrar, appointed in Jun 2004, has a tenure of 19.83 years. total yearly compensation is $3.90M, comprised of 16.2% salary and 83.8% bonuses, including company stock and options. directly owns 1.5% of the company’s shares, worth $8.42M. The average tenure of the management team and the board of directors is 6.9 years and 4.3 years respectively.
Key information
Chris Farrar
Chief executive officer
US$3.9m
Total compensation
| CEO salary percentage | 16.2% |
| CEO tenure | 19.8yrs |
| CEO ownership | 1.5% |
| Management average tenure | 6.9yrs |
| Board average tenure | 4.3yrs |
Recent management updates
Recent updates
Benign Growth For Velocity Financial, Inc. (NYSE:VEL) Underpins Its Share Price
Jan 05
Is Now The Time To Put Velocity Financial (NYSE:VEL) On Your Watchlist?
Nov 08Is Now The Time To Put Velocity Financial (NYSE:VEL) On Your Watchlist?
Aug 09Velocity Financial, Inc.'s (NYSE:VEL) Subdued P/E Might Signal An Opportunity
Jun 07Velocity Financial GAAP EPS of $0.29 in-line, revenue of $26.78M misses by $0.86M
Nov 03Velocity Financial, Inc. Just Missed Earnings - But Analysts Have Updated Their Models
May 09How Much Did Velocity Financial's(NYSE:VEL) Shareholders Earn From Share Price Movements Over The Last Year?
Jan 19
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$4m | US$630k | US$52m |
| Sep 30 2023 | n/a | n/a | US$43m |
| Jun 30 2023 | n/a | n/a | US$41m |
| Mar 31 2023 | n/a | n/a | US$39m |
| Dec 31 2022 | US$3m | US$630k | US$32m |
| Sep 30 2022 | n/a | n/a | US$31m |
| Jun 30 2022 | n/a | n/a | US$26m |
| Mar 31 2022 | n/a | n/a | US$22m |
| Dec 31 2021 | US$3m | US$600k | US$21m |
| Sep 30 2021 | n/a | n/a | US$23m |
| Jun 30 2021 | n/a | n/a | US$21m |
| Mar 31 2021 | n/a | n/a | -US$32m |
| Dec 31 2020 | US$3m | US$450k | -US$31m |
| Sep 30 2020 | n/a | n/a | -US$36m |
| Jun 30 2020 | n/a | n/a | -US$35m |
| Mar 31 2020 | n/a | n/a | US$15m |
| Dec 31 2019 | US$864k | US$348k | US$17m |
| Sep 30 2019 | n/a | n/a | US$11m |
| Jun 30 2019 | n/a | n/a | US$11m |
| Mar 31 2019 | n/a | n/a | US$10m |
| Dec 31 2018 | US$715k | US$300k | US$8m |
Compensation vs Market: Chris's total compensation ($USD3.90M) is above average for companies of similar size in the US market ($USD2.37M).
Compensation vs Earnings: Chris's compensation has increased by more than 20% in the past year.
CEO
Chris Farrar (56 yo)
19.8yrs
Tenure
US$3,895,805
Compensation
Mr. Christopher D. Farrar, also known as Chris, is Chief Executive Officer and Director of Velocity Financial, Inc. (formerly known as Velocity Financial, LLC) since 2004 and is its President. He is the Co...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 19.8yrs | US$3.90m | 1.5% $ 8.4m | |
| Chief Financial Officer | 6.9yrs | US$1.60m | 0.23% $ 1.3m | |
| Executive Vice President of Capital Markets | 20.3yrs | US$1.27m | 0.27% $ 1.5m | |
| Chief Operating Officer | 8yrs | US$420.60k | no data | |
| Chief Accounting Officer | 2.2yrs | no data | 0.12% $ 659.9k | |
| Corporate Treasurer & Director of Investor Relations | 4.6yrs | no data | no data | |
| Chief Legal Officer | 3.8yrs | no data | 0.26% $ 1.4m |
6.9yrs
Average Tenure
54yo
Average Age
Experienced Management: VEL's management team is seasoned and experienced (6.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 20.3yrs | US$3.90m | 1.5% $ 8.4m | |
| Independent Director | 4.3yrs | US$200.00k | 0.18% $ 982.9k | |
| Independent Chairman of the Board | 17.3yrs | no data | no data | |
| Independent Director | 17.3yrs | no data | no data | |
| Independent Director | less than a year | no data | no data | |
| Lead Independent Director | 4.3yrs | US$190.00k | 0.11% $ 633.6k | |
| Independent Director | 3.8yrs | US$190.00k | 0.090% $ 506.6k | |
| Independent Director | 3yrs | no data | no data |
4.3yrs
Average Tenure
52.5yo
Average Age
Experienced Board: VEL's board of directors are considered experienced (4.3 years average tenure).