Form 4: Victory Capital Holdings Executive Mannik S. Dhillon Reports Share Transaction
SEC Form 4 Filing
Mannik S. Dhillon, President of Investment Franchise at Victory Capital Holdings, reports disposition of shares to cover tax obligations related to vesting restricted shares.
Summary
- On March 15, 2024, Mannik S. Dhillon, President of Investment Franchise at Victory Capital Holdings, Inc. (VCTR), had 7,805 shares of common stock disposed of to cover withholding taxes.
- The shares were withheld by VCTR to satisfy tax obligations related to the vesting of restricted shares granted to Mr. Dhillon on March 15, 2021, 2022, and 2023.
- The restricted shares vested on March 15, 2024, and the net settlement price was $40.16 per share.
- Following the transaction, Mr. Dhillon beneficially owns 255,321 shares of Victory Capital Holdings, Inc.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations and does not indicate a positive or negative sentiment towards the company.
Industry Context
This is a routine disclosure related to executive compensation and does not necessarily reflect a change in the executive's view of the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 03/15/2021 | Date of one of the restricted share grants to Mr. Dhillon. |
| 03/15/2022 | Date of one of the restricted share grants to Mr. Dhillon. |
| 03/15/2023 | Date of one of the restricted share grants to Mr. Dhillon. |
| 03/15/2024 | Date of vesting of restricted shares and share disposition for tax obligations. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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