Form 4: Victory Capital Director Boosts Stake via Equity Pay

Victory Capital Holdings Director Alan Rappaport acquired 1,004 shares of common stock in lieu of director fees, increasing his direct beneficial ownership.

Summary

• Director Alan Rappaport acquired 1,004 shares of Victory Capital Holdings, Inc. common stock on October 10, 2025.
• The shares were issued at a price of $65.98 per share, based on the closing price on the transaction date.
• This acquisition was in lieu of cash payments for various director and committee fees totaling $66,250.
• Specifically, the shares covered $28,750 in quarterly director fees (company election), $28,750 in quarterly director fees (Mr. Rappaport's election), $5,000 for Compensation Committee chairperson fees, and $3,750 for Audit Committee member fees.
• Following this transaction, Mr. Rappaport directly owns 154,148 shares and indirectly owns 298,861 shares through ADR Partners, an entity he controls.

Sentiment

Score: 8

Explanation: The director's decision to receive equity instead of cash for compensation indicates a strong alignment of interests with shareholders and confidence in the company's future value.

Positives

• Director Alan Rappaport increased his direct beneficial ownership in Victory Capital Holdings, Inc. by acquiring 1,004 shares.
• The election by Mr. Rappaport to receive shares instead of cash for director and committee fees demonstrates confidence in the company's future performance and aligns his interests with shareholders.

Future Outlook

NA

Industry Context

Insider transactions, such as a director electing to receive equity in lieu of cash compensation, are often viewed by the market as a signal of management's confidence in the company's long-term prospects, aligning their interests with shareholders.

Related Party Transactions

• Mr. Rappaport indirectly beneficially owns 298,861 shares through ADR Partners, an entity he controls, though he disclaims beneficial ownership except to the extent of his pecuniary interest therein.

Stakeholder Impact

• Shareholders: Increased alignment of a director's interests with shareholders through equity compensation, potentially signaling confidence in future stock performance.
• Management: Demonstrates a commitment from a key director to the company's long-term success by choosing equity over cash.

Key Dates

Recommendation

The director's choice to receive equity compensation instead of cash signals strong confidence in the company's future performance and aligns his interests directly with shareholders, suggesting potential for future stock appreciation.

Keywords

VCTR, Victory Capital Holdings, Alan Rappaport, Director, Insider Transaction, Stock Acquisition, Form 4, Beneficial Ownership, Equity Compensation