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

Richard DeMartini, a director at Victory Capital Holdings, acquired 659 shares of common stock in lieu of director fees.

Summary

• Richard DeMartini, a director of Victory Capital Holdings, acquired 659 shares of common stock on April 10, 2024.
• The shares were issued in lieu of quarterly director fees and fees for serving as chairperson of the Nominating, Governance and Sustainability Committee.
• The price per share was $43.58, based on the closing price on April 10, 2024.
• Following the transaction, Mr. DeMartini directly owns 11,452 shares and indirectly owns 643,532 shares through a family trust.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director taking shares instead of cash shows confidence in the company's future.

Positives

• Director demonstrates confidence in the company by accepting shares in lieu of cash compensation.

Industry Context

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

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It signals director confidence, which could be viewed positively by shareholders.

Key Dates