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

Victory Capital Holdings director, Mary M. Jackson, acquired 407 shares of common stock in lieu of $25,000 in director fees.

Summary

• Mary M. Jackson, a director at Victory Capital Holdings, acquired 407 shares of common stock on January 10, 2025.
• These shares were issued in lieu of a $25,000 cash payment for quarterly director fees.
• The price per share was $61.36, based on the closing price of Victory Capital Holdings' stock on the transaction date.
• Following the transaction, Ms. Jackson directly owns 4,852 shares of common stock.

Sentiment

Score: 7

Explanation: The transaction is a routine part of director compensation and indicates confidence in the company, but it is not a major event.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The use of shares in lieu of cash preserves company cash flow.

Industry Context

This type of transaction, where directors receive shares in lieu of cash compensation, is not uncommon in the financial services industry and can align director interests with shareholder value.

Comparison to Industry Standards

• Many financial firms use stock-based compensation for directors to align their interests with shareholders.
• The practice of issuing shares in lieu of cash fees is a common method of compensation for board members in publicly traded companies.
• The amount of shares issued is consistent with typical director compensation packages.

Stakeholder Impact

• Shareholders may view this as a positive sign of director commitment.
• The company benefits from preserving cash by issuing shares instead of cash.

Key Dates

Keywords

director, share acquisition, common stock, director fees, Victory Capital Holdings, VCTR, insider trading