Victory Capital's CEO Stock Vested Because Shares Hit a Target. Here's What to Know
Tax withholding from vesting performance awards triggered this non-discretionary sale.
Overview
David Craig Brown, chairman and CEO of Victory Capital Holdings, Inc. (NASDAQ:VCTR), sold 58,056 shares of the company on August 5, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($99.97); post-transaction value based on the August 5 market close ($99.97).
Details
Victory Capital Holdings represents a significant player in the global asset management industry with $6.7 billion in market capitalization and $1.6 billion in TTM revenue. The company has demonstrated strong financial performance with TTM net income of $460.9 million. Operating from San Antonio, Victory Capital leverages its integrated platform approach to deliver comprehensive asset management solutions across institutional and retail channels, positioning itself competitively within the financial services sector.
Source
Originally published at www.fool.com.