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 shares to cover tax obligations related to the vesting of restricted shares.
Summary
- On March 15, 2025, David Craig Brown, Chairman and CEO of Victory Capital Holdings, Inc., disposed of 33,791 shares of common stock to satisfy withholding taxes.
- The shares were related to the vesting of restricted shares granted to Mr. Brown on March 15, 2023 and 2024.
- The transaction was executed at a price of $57.97 per share.
- Following the transaction, Mr. Brown still beneficially owns 2,042,431 shares of Victory Capital Holdings, Inc.
Sentiment
Score: 6
Explanation: Neutral sentiment as the transaction is a routine sale to cover tax obligations, not necessarily indicative of management's view on the company's future prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common and don't necessarily indicate a negative outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 03/15/2023 | Date of grant of certain restricted shares to Mr. Brown. |
| 03/15/2024 | Date of grant of certain restricted shares to Mr. Brown. |
| 03/14/2025 | Closing stock price used for net settlement of shares. |
| 03/15/2025 | Date of transaction (disposal of shares) and vesting of restricted shares. |
| 03/27/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Victory Capital Holdings, David Craig Brown, VCTR, Share Disposal, Restricted Shares, Tax Withholding, Beneficial Ownership
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