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

Lawrence Davanzo, a director at Victory Capital Holdings, acquired 520 shares of common stock in lieu of quarterly director fees.

Summary

• On July 10, 2024, Lawrence Davanzo, a director of Victory Capital Holdings, Inc., acquired 520 shares of common stock.
• The shares were issued in lieu of $25,000 in quarterly director fees, with the price set at $48 per share based on the closing price on July 10, 2024.
• Following the transaction, Mr. Davanzo directly owns 19,534 shares and indirectly owns 169,470 shares through the Lawrence E. Davanzo and Christine Davanzo Revocable Trust.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a routine transaction related to director compensation. It doesn't indicate any significant positive or negative developments for the company.

Positives

• Director's acquisition of shares demonstrates confidence in the company.
• The company is managing cash flow by issuing shares instead of cash for director fees.

Industry Context

Directors often receive equity as part of their compensation, aligning their interests with shareholders. This is a common practice in the financial services industry.

Comparison to Industry Standards

• Director compensation packages vary widely across the financial services industry.
• Companies like BlackRock and T. Rowe Price also use a mix of cash and equity for director compensation.
• The amount of equity granted depends on the company's size, performance, and compensation philosophy.

Key Dates