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

Lawrence Davanzo, a director at Victory Capital Holdings, acquired 436 shares of common stock in lieu of quarterly director fees.

Summary

• On October 10, 2024, Lawrence Davanzo, a director of Victory Capital Holdings, Inc., acquired 436 shares of common stock.
• The shares were issued in lieu of $25,000 in quarterly director fees, with the price per share set at $57.3 based on the closing price on October 10, 2024.
• Following the transaction, Mr. Davanzo directly owns 19,970 shares and indirectly owns 169,470 shares through the Lawrence E. Davanzo and Christine Davanzo Revocable Trust.
• Mr. Davanzo disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine transaction. The director receiving shares in lieu of fees is neither significantly positive nor negative.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Industry Context

Form 4 filings are standard practice and provide transparency into insider transactions, allowing investors to track the buying and selling activity of company directors and officers.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a small number of shares acquired by a director.

Key Dates