Form 4: Virtus Investment Partners Director Timothy Holt Acquires Shares as Part of Compensation

Director Timothy Holt acquired 794 shares of Virtus Investment Partners common stock as part of his compensation, increasing his total holdings to 30,745 shares.

Summary

• On May 15, 2024, Timothy Holt, a director of Virtus Investment Partners, acquired 794 shares of common stock.
• The acquisition was part of his compensation as a member of the Board of Directors, according to the Company's Amended and Restated Omnibus Incentive and Equity Plan.
• The price per share was $234.43.
• Following the transaction, Holt's total beneficial ownership of Virtus Investment Partners common stock is 30,745 shares.
• Holt has granted power of attorney to Michael A. Angerthal, Jennifer Fromm, Mark W. Hollertz, Ronnie D. Kryjak and Andra C. Purkalitis to execute and file forms related to his securities transactions.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The director's stock acquisition is a positive sign, indicating confidence in the company. The transaction is part of a standard compensation plan.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.
• The compensation structure aligns the director's interests with those of the shareholders.

Industry Context

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

Comparison to Industry Standards

• Director stock ownership is a common practice in the investment management industry to align the interests of directors with shareholders.
• Comparable companies such as BlackRock, Franklin Resources, and T. Rowe Price also have similar compensation structures that include equity.

Stakeholder Impact

• The increased ownership by a director can positively influence shareholder confidence.
• The compensation structure aligns the director's interests with those of the shareholders.

Key Dates