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

Lawrence Davanzo, a director at Victory Capital Holdings, acquired 573 shares of common stock in lieu of $25,000 in cash director fees.

Summary

• On April 10, 2024, Lawrence Davanzo, a director of Victory Capital Holdings, Inc., acquired 573 shares of common stock.
• The shares were issued in lieu of quarterly director fees of $25,000.
• The price per share was $43.58, based on the closing price of the company's shares on that date.
• Following the transaction, Mr. Davanzo directly owns 19,014 shares.
• Mr. Davanzo also indirectly owns 169,470 shares through the Lawrence E. Davanzo and Christine Davanzo Revocable Trust, where he serves as trustee.

Sentiment

Score: 6

Explanation: The sentiment is neutral. A director taking shares in lieu of cash is generally a positive sign, but it's a relatively small transaction.

Positives

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

Industry Context

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

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates