Form 4: Victory Capital Holdings Director Receives Stock in Lieu of Fees, Reports Trust Holdings

Lawrence Davanzo, a director at Victory Capital Holdings, received shares in lieu of director fees and reported holdings through a revocable trust.

Summary

• On January 10, 2025, Lawrence Davanzo, a director of Victory Capital Holdings, Inc., acquired 407 shares of common stock.
• These shares were issued in lieu of $25,000 in quarterly director fees, with the price based on the closing price of the company's shares on that date, which was $61.36.
• Following the transaction, Mr. Davanzo directly owns 20,377 shares of common stock.
• Mr. Davanzo also reported indirect ownership of 169,470 shares held by the Lawrence E. Davanzo and Christine Davanzo Revocable Trust, for which he serves as trustee.
• He disclaims beneficial ownership of these trust shares except to the extent of his pecuniary interest.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company, but it's a routine transaction.

Positives

• The acceptance of shares in lieu of cash fees demonstrates confidence in the company's stock value.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider ownership.

Key Dates