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

Robert J. Hurst, a director at Victory Capital Holdings, acquired 1,109 shares of common stock in lieu of director fees on April 10, 2025.

Summary

• On April 10, 2025, Robert J. Hurst, a director of Victory Capital Holdings, Inc., acquired 1,109 shares of common stock at a price of $54.06 per share.
• These shares were issued in lieu of quarterly director fees totaling $28,750 for service on the Company Board, and $2,500 for service on the Company's Nominating, Governance and Sustainability Committee.
• Following the transaction, Mr. Hurst directly owns 28,762 shares of common stock.
• Mr. Hurst also indirectly owns 416,058 shares through RJH Investment Partners, L.P., an entity he controls.
• These indirectly held shares were received via an exempt pro-rata distribution from Crestview Partners II GP, L.P.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director taking equity in lieu of cash suggests confidence in the company's prospects, but it's a routine 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

Form 4 filings are routine disclosures for corporate insiders and provide transparency into their trading activities. This particular filing shows a director taking equity in lieu of cash, which is not uncommon in the asset management industry.

Comparison to Industry Standards

• Director compensation structures vary across the asset management industry.
• Some companies offer a mix of cash and equity, while others provide more flexibility for directors to choose their preferred form of compensation.
• BlackRock, for example, has a similar structure where directors can elect to receive a portion of their fees in stock.
• The amount of equity granted to directors is generally aligned with industry benchmarks for board compensation.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• Shareholders may view the director's equity acquisition as a positive signal.

Key Dates

Keywords

Victory Capital Holdings, Director, Share Acquisition, Form 4, VCTR, Director Fees, Robert J. Hurst, Equity Compensation