How Farrar was paid
$6.6M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Christopher D. FarrarChief Executive Officer | $630,000 | $480,000 | $2,900,000 | $2,520,000 | $34,245 | $6,564,245 |
| Mark R. SzczepaniakChief Financial Officer | $393,750 | $118,750 | $700,000 | $1,181,250 | $25,500 | $2,419,250 |
| Jeffrey T. TaylorExecutive Vice President, Capital Markets | $315,000 | $155,000 | $700,000 | $945,000 | $42,013 | $2,157,013 |
What changed and why
- 2025 was an exceptional year for Velocity with record originations and earnings.
- $6.6MCEO total compensation increased to $6,564,245 in 2025 from $5,374,001 in 2024.
- Performance metrics used for incentive awards include Average Core Net Income Annual Growth.
- 50.8%Core net income annual growth reached 50.8% for fiscal 2025.
- $215.13Total shareholder return reached $215.13 on an initial fixed $100 investment.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.