Velocity Financial CEO Christopher Farrar's 2021 pay rises 4% to $2.6M
Velocity Financial reports 2021 executive compensation
By ExecPay News
Published: April 8, 2022
Velocity Financial reported fiscal year 2021 executive compensation information on April 8, 2022.
In 2021, three executives at Velocity Financial received on average a compensation package of $1.6M, a 12% increase compared to previous year.
Average pay of disclosed executives at Velocity Financial
Christopher D. Farrar, Chief Executive Officer, received $2.6M in total, which increased by 4% compared to 2020. 48% of Farrar's compensation, or $1.3M, was in stock awards. Farrar also received $760K in non-equity incentive plan, $600K in salary, as well as $20K in other compensation.
Mark R. Szczepaniak, Chief Financial Officer, received a compensation package of $1.2M, which increased by 36% compared to previous year. 35% of the compensation package, or $422K, was in stock awards.
Jeffrey T. Taylor, Executive Vice President, Capital Markets, earned $1.1M in 2021, a 12% increase compared to previous year.
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Source: SEC filing on April 8, 2022.