Velocity Financial CEO Christopher Farrar's 2023 pay jumps 29% to $3.9M
Velocity Financial reports 2023 executive compensation
By ExecPay News
Published: March 27, 2024
Velocity Financial reported fiscal year 2023 executive compensation information on March 27, 2024.
In 2023, three executives at Velocity Financial received on average a compensation package of $2.3M, a 20% increase compared to previous year.
Average pay of disclosed executives at Velocity Financial
Christopher D. Farrar, Chief Executive Officer, received $3.9M in total, which increased by 29% compared to 2022. 47% of Farrar's compensation, or $1.8M, was in non-equity incentive plan. Farrar also received $630K in salary, $1.4M in stock awards, as well as $18K in other compensation.
Mark R. Szczepaniak, Chief Financial Officer, received a compensation package of $1.6M, which increased by 13% compared to previous year. 48% of the compensation package, or $768K, was in non-equity incentive plan.
Jeffrey T. Taylor, Executive Vice President, Capital Markets, earned $1.3M in 2023, a 5% increase compared to previous year.
Related executives
You may also like
Source: SEC filing on March 27, 2024.