Form 4: Victory Capital Holdings Executive Mannik S. Dhillon Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Mannik S. Dhillon, President of Investment Franchise at Victory Capital Holdings, disposed of 5,221 shares to cover tax obligations related to vesting restricted shares.
Summary
- On March 15, 2025, Mannik S. Dhillon, President of Investment Franchise at Victory Capital Holdings, disposed of 5,221 shares of common stock.
- The shares were withheld by Victory Capital Holdings to satisfy withholding taxes due in connection with the vesting of restricted shares granted to Mr. Dhillon on March 15, 2023, and 2024.
- The restricted shares vested on March 15, 2025.
- The transaction was executed at a price of $57.97 per share.
- Following the transaction, Mr. Dhillon directly owns 270,020 shares of Victory Capital Holdings.
- The reporting was filed on March 27, 2025.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to a routine transaction for tax purposes.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into the transactions of those with access to inside information.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/15/2023 | Date of grant of certain restricted shares to Mr. Dhillon. |
| 03/15/2024 | Date of grant of certain restricted shares to Mr. Dhillon. |
| 03/14/2025 | Closing stock price used for net settlement. |
| 03/15/2025 | Date of transaction (share disposal) and vesting of restricted shares. |
| 03/27/2025 | Date of Form 4 filing. |
Keywords
Form 4, Victory Capital Holdings, VCTR, Mannik S. Dhillon, Share Disposal, Restricted Shares, Tax Withholding, Beneficial Ownership
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