Form 4: Victory Capital Holdings Director Acquires Shares in Lieu of Cash Compensation

Karin Hirtler-Garvey, a director at Victory Capital Holdings, acquired 407 shares of common stock in lieu of $25,000 in director fees.

Summary

• On January 10, 2025, Karin Hirtler-Garvey, a director of Victory Capital Holdings, Inc., acquired 407 shares of common stock.
• The shares were issued in lieu of quarterly director fees of $25,000.
• The price per share was $61.36, based on the closing price of Victory Capital Holdings' shares on January 10, 2025.
• Following the transaction, Ms. Hirtler-Garvey beneficially owns 39,308 shares of Victory Capital Holdings.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. A director accepting shares in lieu of cash compensation can be seen as a positive sign of confidence in the company's future, but it's a relatively small transaction.

Positives

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

Industry Context

Directors receiving equity in lieu of cash compensation is a common practice to align their interests with shareholders and conserve company cash.

Comparison to Industry Standards

• Equity compensation for board members is a common practice across the financial services industry.
• Companies like BlackRock and T. Rowe Price also utilize equity-based compensation for their directors.

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 involves a small number of shares.
• It could be viewed positively as it aligns the director's interests with those of shareholders.

Key Dates