Form 4: Victory Capital Director Karin Hirtler-Garvey Acquires Shares in Lieu of Fees

Karin Hirtler-Garvey, a director at Victory Capital Holdings, acquired 520 shares of common stock in lieu of quarterly director fees.

Summary

• On July 10, 2024, Karin Hirtler-Garvey, a director of Victory Capital Holdings, Inc. (VCTR), acquired 520 shares of common stock.
• The shares were issued in lieu of quarterly director fees of $25,000.
• The price per share was $48, based on the closing price of the company's shares on July 10, 2024.
• Following the transaction, Ms. Hirtler-Garvey beneficially owns 38,465 shares of Victory Capital Holdings, Inc.

Sentiment

Score: 6

Explanation: Neutral sentiment. The transaction is a routine director compensation matter. The director taking shares in lieu of cash is a slightly positive signal.

Positives

• The director's decision to take shares in lieu of cash may signal confidence in the company's future performance.

Industry Context

Directors receiving shares in lieu of cash compensation is a fairly common practice, particularly in smaller or growth-oriented companies, as it can help conserve cash and align the interests of directors with those of shareholders.

Related Party Transactions

• The issuance of shares to Karin Hirtler-Garvey in lieu of director fees is a related party transaction.

Stakeholder Impact

• The transaction has a minimal impact on shareholders, as it is a small number of shares issued as part of director compensation.
• The company conserves $25,000 in cash.

Key Dates