Form 4: Victory Capital Holdings CEO David Brown Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Victory Capital Holdings' Chairman and CEO, David Craig Brown, disposed of 42,549 shares to cover withholding taxes related to the vesting of restricted shares.
Summary
- On March 15, 2024, David Craig Brown, Chairman and CEO of Victory Capital Holdings, Inc., disposed of 42,549 shares of common stock to satisfy withholding taxes.
- The shares were withheld by Victory Capital Holdings in connection with the vesting of restricted shares granted to Mr. Brown on March 15, 2021, 2022, and 2023.
- The transaction was executed at a price of $40.16 per share.
- Following the transaction, Mr. Brown directly owns 1,884,489 shares of Victory Capital Holdings, Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by an insider to cover tax obligations; it doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/15/2021 | Date of one of the restricted share grants to Mr. Brown. |
| 03/15/2022 | Date of one of the restricted share grants to Mr. Brown. |
| 03/15/2023 | Date of one of the restricted share grants to Mr. Brown. |
| 03/15/2024 | Date of transaction and vesting of restricted shares. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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