Velocity Financial Incentivizes Executives with Performance-Linked Programs
Company Announcements

Velocity Financial Incentivizes Executives with Performance-Linked Programs

Velocity Financial (VEL) has released an update.

Velocity Financial’s Board of Directors has set up incentive programs for top executives, with rewards linked to the company’s financial performance. The 2024 Annual Cash Incentive Program hinges on the year’s Core Net Income growth, offering substantial bonuses for meeting or exceeding targets. Additionally, the 2024 Performance Stock Units Program could grant executives a significant number of shares, depending on the average Core Net Income growth over three years. Both programs emphasize individual performance and contribution to strategic goals, with final payouts subject to committee approval after the fiscal years end.

For further insights into VEL stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyVelocity Financial price target raised to $23 from $20 at BTIG
TipRanks Auto-Generated NewsdeskVelocity Financial Releases Q3 2024 Earnings Insights
TipRanks Auto-Generated NewsdeskVelocity Financial Reports Strong Q3 2024 Results
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App