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Velocity Financial Executive Compensation (FY25)

VEL · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 26, 2026
148 figures on this page: 142 cited to the filing that reported them, 6 calculated from figures it prints. See the citations
Christopher Farrar was paid $6,564,245 in total compensation as Chief Executive Officer for fiscal 2025, and Farrar's total was 22.1% higher than the $5,374,001 reported for fiscal 2024. Shareholders recorded 99.6% support for the say-on-pay proposal at the meeting held May 21, 2026 for fiscal 2025. Companies named in the disclosed peer group include Adamas Trust, Inc., Alerus Financial Corporation, American Assets Trust, Inc., Arbor Realty Trust, Inc. and BrightSpire Capital, Inc., among others. The fiscal 2025 disclosure covers 3 named executive officers.
Chief executive, fiscal 2025
◇
Christopher Farrar
Latest say-on-pay support
=
May 21, 2026
This company is not required to report a chief executive pay ratio.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Christopher Farrar: $5,374,001 → $6,564,245 (22.1% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Velocity Financial's chief executive and what were they paid?
Christopher Farrar was paid $6,564,245 in total compensation as Chief Executive Officer for fiscal 2025. Farrar's total was 22.1% higher than the $5,374,001 reported for fiscal 2024.
What was Velocity Financial's say-on-pay result?
Shareholders recorded 99.6% support for the say-on-pay proposal at the meeting held May 21, 2026 for fiscal 2025.
Which companies are in Velocity Financial's peer group?
Companies named in the disclosed peer group include Adamas Trust, Inc., Alerus Financial Corporation, American Assets Trust, Inc., Arbor Realty Trust, Inc. and BrightSpire Capital, Inc., among others.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Christopher Farrar
Chief Executive Officer
◇—◇—◇—◇◇
Mark Szczepaniak
Chief Financial Officer
◇—◇—◇—◇◇
Jeffrey Taylor
Executive Vice President, Capital Markets
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Christopher Farrar
Chief Executive Officer
◇—◇—◇—◇◇
Mark Szczepaniak
Chief Financial Officer
◇—◇—◇—◇◇
Jeffrey Taylor
Executive Vice President, Capital Markets
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Christopher Farrar
Chief Executive Officer
◇—◇—◇—◇◇
Mark Szczepaniak
Chief Financial Officer
◇—◇—◇—◇◇
Jeffrey Taylor
Executive Vice President, Capital Markets
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Christopher Farrar
Chief Executive Officer
◇◇◇—◇—◇◇
Mark Szczepaniak
Chief Financial Officer
◇◇◇—◇—◇◇
Jeffrey Taylor
Executive Vice President, Capital Markets
◇◇◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Christopher D. FarrarPSU◇—◇—◇—◇
Jeffrey T. TaylorPSU◇—◇—◇—◇
Mark R. SzczepaniakPSU◇—◇—◇—◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Jeffrey TaylorRSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Mark SzczepaniakPSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
Christopher FarrarPSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
John P. Pitstick
◇◇————◇
Joy L. Schaefer
Lead independent director
◇◇————◇
Dorika M. Beckett
◇◇————◇
Alan H. Mantel, Michael W. Chiao, Christopher D. Farrar, John A. Pless and Omar M. Maasarani served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Compensation committee chair◇
Equity is delivered as Restricted Stock.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Adamas Trust, Inc. ADAM
  • Alerus Financial Corporation ALRS
  • American Assets Trust, Inc. AAT
  • Arbor Realty Trust, Inc. ABR
  • BrightSpire Capital, Inc. BRSP
  • Dynex Capital, Inc. DX
  • Granite Point Mortgage Trust Inc. GPMT
  • Hercules Capital, Inc. HTGC
  • Ladder Capital Corp LADR
  • Main Street Capital Corporation MAIN
  • NMI Holdings, Inc. NMIH
  • Walker & Dunlop, Inc. WD
  • WisdomTree Investments, Inc. WT

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 21, 2026=◇◇◇
2024May 23, 2025=◇◇◇
2023May 17, 2024=◇◇◇
2022May 19, 2023=◇◇◇
2021May 19, 2022=◇◇◇
2020May 19, 2021=◇◇◇
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What this page does not include

Everything above is a fact Velocity Financial disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Velocity Financial sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
148 figures on this page: 142 cited to the filing that reported them, 6 calculated from figures it prints.
142 cited to the filing
6 calculated from the filing

Documents cited

  1. 0001193125-26-238356
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001193125-26-150488
    2025 Director Compensation Table · Outstanding Equity Awards at Fiscal Year-End 2025 · Summary Compensation Table
  3. 0001193125-25-129304
  4. 0001193125-25-078790
    Summary Compensation Table
  5. 0001193125-24-146028
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001193125-24-078885
    Summary Compensation Table
  7. 0001193125-23-154103
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001193125-23-085030
    Summary Compensation Table
  9. 0001193125-22-157129
  10. 0001564590-21-029250
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Velarion, “Velocity Financial executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/VEL (accessed 2026).
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Specialty Finance rankings

Chief executive pay — Specialty FinanceCEO pay ratio — Specialty FinanceSay-on-pay support — Specialty Finance

Peers Velocity Financial discloses

The companies named in VEL's own disclosed peer group.

Adamas Trust, Inc.Alerus Financial CorporationAmerican Assets Trust, Inc.Arbor Realty Trust, Inc.BrightSpire Capital, Inc.Dynex Capital, Inc.Granite Point Mortgage Trust Inc.Ladder Capital CorpNMI Holdings, Inc.Walker & Dunlop, Inc.WisdomTree Investments, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy