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

Mary M. Jackson, a director at Victory Capital Holdings, acquired 573 shares of common stock in lieu of quarterly director fees.

Summary

• On April 10, 2024, Mary M. Jackson, a director of Victory Capital Holdings, Inc. (VCTR), 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 VCTR on April 10, 2024.
• Following the transaction, Ms. Jackson directly owns 3,489 shares of Victory Capital Holdings, Inc.

Sentiment

Score: 7

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

Positives

• A director's decision to take equity in lieu of cash compensation can be seen as a positive signal, indicating confidence in the company's future performance.

Industry Context

This type of transaction, where directors receive equity in lieu of cash compensation, is relatively common in the financial services industry. It aligns the interests of the directors with those of the shareholders.

Comparison to Industry Standards

• Director compensation structures vary across the asset management industry.
• Some companies provide a mix of cash and equity, while others offer primarily cash compensation.
• Companies like BlackRock and T. Rowe Price also use equity-based compensation for their directors.

Related Party Transactions

• The issuance of shares to Ms. Jackson in lieu of director fees is a related party transaction.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates