Form 4: Crestview Partners II GP, L.P. Reports Changes in Beneficial Ownership of Victory Capital Holdings, Inc. Shares

Crestview Partners II GP, L.P. reports the acquisition of 839 shares of Victory Capital Holdings, Inc. common stock by Robert V. Delaney Jr. in lieu of director fees, along with other holdings, as disclosed in a Form 4 filing.

Summary

• Crestview Partners II GP, L.P. filed a Form 4 disclosing changes in beneficial ownership of Victory Capital Holdings, Inc. shares.
• Robert V. Delaney Jr., a director, received 839 shares of common stock under the Issuer's 2018 Stock Incentive Plan in lieu of $48,125 in quarterly director fees.
• The price per share was $57.3, based on the closing price on October 10, 2024.
• Mr. Delaney assigned all rights to these shares to Crestview Advisors, L.L.C.
• Crestview Victory, L.P. and Crestview Advisors, L.L.C. also hold shares.
• Crestview GP exercises voting and dispositive power over shares held by Crestview Victory, L.P., subject to investment committee approval.
• Mr. Delaney indirectly holds 349,764 shares through The 2007 Delaney Family LLC.
• Following the reported transaction, Crestview beneficially owns 11,615,089 shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing detailing insider transactions. The acquisition of shares in lieu of fees could be seen as slightly positive, but it's not a major event.

Positives

• The acquisition of shares by a director, even in lieu of fees, can be seen as a positive sign of alignment with shareholder interests.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions and holdings.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for company insiders, including directors and officers, as well as beneficial owners holding more than 10% of a company's shares.
• These filings are comparable to those made by insiders at other financial services companies like BlackRock, T. Rowe Price, and Franklin Resources, where similar disclosures are routinely made regarding stock transactions and ownership changes.

Related Party Transactions

• The issuance of shares to Robert V. Delaney Jr., a director, in lieu of director fees is a related party transaction.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It provides transparency to shareholders regarding insider activity.

Key Dates