Form 4: Velocity Financial Executive Fiona Tam Reports Stock Transactions
SEC Form 4 Filing
Fiona Tam, Chief Accounting Officer of Velocity Financial, reports acquisition and disposal of common stock related to performance stock units.
Summary
- Fiona Tam, Chief Accounting Officer of Velocity Financial, Inc., filed a Form 4 on January 23, 2025.
- On January 21, 2025, Ms. Tam acquired 3,750 shares of common stock upon vesting of previously granted performance stock units at $0.
- On the same day, 3,564 shares were withheld by Velocity Financial as payment for tax liabilities resulting from the vesting of these performance stock units at $18.82.
- Following these transactions, Ms. Tam beneficially owns 44,614 shares of Velocity Financial common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation, with no indication of positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on the total outstanding shares and are unlikely to significantly affect stakeholders.
Key Dates
| Date | Description |
|---|---|
| 01/21/2025 | Acquisition of 3,750 shares of common stock upon vesting of performance stock units. |
| 01/21/2025 | Withholding of 3,564 shares for tax liabilities. |
| 01/23/2025 | Form 4 filing date. |
Keywords
Form 4, Velocity Financial, Fiona Tam, Stock Transaction, Performance Stock Units, Beneficial Ownership, Tax Liabilities
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