Form 4: Victory Capital Holdings CFO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Michael Dennis Policarpo, President, CFO & CAO of Victory Capital Holdings, sold 20,723 shares to cover tax obligations related to vesting restricted shares.
Summary
- On March 15, 2024, Michael Dennis Policarpo, President, CFO & CAO of Victory Capital Holdings, Inc. (VCTR), disposed of 20,723 shares of common stock.
- The shares were sold at a price of $40.16 per share.
- This transaction was to cover withholding taxes due in connection with the vesting of restricted shares granted to Mr. Policarpo on March 15, 2021, 2022, and 2023.
- Following the transaction, Mr. Policarpo still beneficially owns 997,253 shares of Victory Capital Holdings, Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an insider transaction. It doesn't convey any particularly positive or negative sentiment.
Industry Context
This is a routine Form 4 filing related to insider transactions. It is common for executives to sell shares to cover tax obligations when restricted stock vests.
Key Dates
| Date | Description |
|---|---|
| 03/15/2021 | Date of restricted shares granted to Mr. Policarpo |
| 03/15/2022 | Date of restricted shares granted to Mr. Policarpo |
| 03/15/2023 | Date of restricted shares granted to Mr. Policarpo |
| 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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