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

Director Alan Rappaport increased his holdings in Victory Capital Holdings by acquiring 855 shares of common stock in lieu of director fees.

Summary

• On January 10, 2025, Alan Rappaport, a director of Victory Capital Holdings, Inc., acquired 855 shares of common stock.
• The shares were issued in lieu of quarterly director fees payable in cash, totaling $25,000 for board service, $21,250 at Mr. Rappaport's election, $3,750 for service as chairperson of the Compensation Committee, and $2,500 for service on the Audit Committee.
• The price per share was $61.36, based on the closing price of the company's shares on January 10, 2025.
• Following the transaction, Mr. Rappaport directly owns 150,919 shares and indirectly owns 298,861 shares through ADR Partners.
• Mr. Rappaport disclaims beneficial ownership of the shares held by ADR Partners except to the extent of his pecuniary interest.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director taking shares in lieu of cash indicates confidence in the company, but the transaction itself is routine.

Positives

• Director's decision to take shares instead of cash demonstrates confidence in the company's future.

Industry Context

Directors often receive compensation in the form of stock to align their interests with those of shareholders. This transaction reflects that practice.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates