Form 4: Victory Capital Holdings CFO Michael Policarpo Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Michael Policarpo, President, CFO & CAO of Victory Capital Holdings, disposed of 18,740 shares of common stock on March 15, 2025, to cover withholding taxes related to the vesting of restricted shares.
Summary
- On March 15, 2025, Michael Dennis Policarpo, President, CFO & CAO of Victory Capital Holdings, Inc. (VCTR), disposed of 18,740 shares of common stock.
- The transaction was executed to satisfy withholding taxes due in connection with the vesting of restricted shares granted to Mr. Policarpo on March 15, 2023 and 2024.
- The shares were disposed of at a price of $57.97 per share.
- Following the transaction, Mr. Policarpo beneficially owns 1,078,114 shares of Victory Capital Holdings, Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. This filing indicates a routine transaction to cover tax obligations upon vesting of restricted stock, which is a common practice.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/15/2023 | Date of grant of certain restricted shares to Mr. Policarpo. |
| 03/15/2024 | Date of grant of certain restricted shares to Mr. Policarpo. |
| 03/14/2025 | Closing stock price used for net settlement. |
| 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
Victory Capital Holdings, VCTR, Michael Policarpo, Form 4, Insider Trading, Stock Disposal, Restricted Shares, Tax Withholding
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