Victory Capital (NASDAQ: VCTR) exec exercises 16,390 stock awards
Rhea-AI Filing Summary
Victory Capital Holdings, Inc. executive Mannik S. Dhillon, President Investment Franchise, reported the vesting and settlement of performance-based equity awards. On August 13, 2026, 16,390 shares of performance-based restricted stock were exercised into 16,390 shares of common stock, following Compensation Committee approval that the second stock price performance hurdle had been achieved. These awards were originally granted on March 15, 2026 under the Amended and Restated Victory Capital Holdings, Inc. 2018 Equity Plan. In connection with the vesting, 6,452 common shares were withheld at $118.17 per share to satisfy the reporting person’s tax obligation, and the reporting person now directly holds 32,781 performance-based restricted stock units after this settlement.
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Insider Trade Summary
Net Buyer: 9,938 shares
Net Buy
3 txns
Insider
Dhillon Mannik S.
Role
President Investment Franchise
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance-based Restricted Stock F3, F4, F1, F5, F6 | 16,390 | -- | -- |
| Exercise | Common Stock F1 | 16,390 | -- | -- |
| Tax Withholding | Common Stock F2 | 6,452 | $118.17 | $762K |
Holdings After Transaction:
Performance-based Restricted Stock — 32,781 shares (Direct);
Common Stock — 317,624 shares (Direct)
Footnotes (6)
- F1. Acquisition of Common Stock upon settlement of performance-based restricted stock. Each performance-based restricted stock represents a right to receive one share of Common Stock.
- F2. Represents shares of Common Stock withheld to satisfy the reporting person's tax obligation upon the vesting of performance-based restricted stock based on the closing price of the Company's shares on August 13, 2026.
- F3. As disclosed on a Form 8-K filed on March 16, 2026, performance-based shares of restricted stock (the "Performance Shares") were granted to the Reporting Person on March 15, 2026, pursuant to the, Amended and Restated Victory Capital Holdings, Inc. 2018 Equity Plan, with vesting tied to four significant stock price performance hurdles. Each Performance Share represents a contingent right to receive one share of Victory Capital Holdings, Inc., Common Stock.
- F4. Each performance-based restricted stock represents a contingent right to receive one share of Common Stock.
- F5. Performance Shares vested on August 13, 2026 following approval by the Compensation Committee of the Board of Directors of the Issuer of the achievement of the second stock price performance hurdle.
- F6. Not applicable.
Key Figures
Performance-based restricted stock exercised: 16,390 shares
Common stock acquired: 16,390 shares
Shares withheld for taxes: 6,452 shares
+4 more
7 metrics
Performance-based restricted stock exercised
16,390 shares
Performance-based restricted stock settled into common stock on August 13, 2026
Common stock acquired
16,390 shares
Shares of VCTR common stock received upon settlement of performance-based restricted stock
Shares withheld for taxes
6,452 shares
Common shares withheld to satisfy tax obligation on August 13, 2026
Tax withholding price
$118.17 per share
Based on the closing price of VCTR shares on August 13, 2026
Performance-based restricted stock held after transaction
32,781 shares
Direct holdings of performance-based restricted stock after settlement event
Original grant date of Performance Shares
March 15, 2026
Performance-based restricted stock granted under 2018 Equity Plan
Vesting performance hurdle
Second stock price performance hurdle
Compensation Committee approved achievement for vesting on August 13, 2026
Key Terms
performance-based restricted stock, Performance Shares, stock price performance hurdle, 2018 Equity Plan, +1 more
5 terms
performance-based restricted stock financial
"Each performance-based restricted stock represents a contingent right to receive one share"
Shares granted to employees or executives that are held back and only become actual, tradable stock if the company meets predefined performance targets; until those goals are met the shares cannot be sold. Think of it like a bonus held in escrow that’s released only when specific results are achieved — investors watch these awards because they tie management pay to company outcomes, can dilute existing shareholders when released, and signal how confident or incentivized insiders are to meet growth or profitability goals.
stock price performance hurdle financial
"with vesting tied to four significant stock price performance hurdles"
2018 Equity Plan financial
"pursuant to the, Amended and Restated Victory Capital Holdings, Inc. 2018 Equity Plan"
Payment of tax liability by delivering or withholding securities financial
"transaction_code_description":"Payment of tax liability by delivering or withholding securities"
FAQ
What equity award transactions did VCTR executive Mannik S. Dhillon report on August 13, 2026?
Dhillon reported settlement of 16,390 performance-based restricted stock awards into 16,390 VCTR common shares on August 13, 2026, following approval that a stock price performance hurdle was met under the company’s 2018 Equity Plan.
What type of awards did Mannik S. Dhillon exercise into VCTR common stock?
Dhillon exercised performance-based restricted stock, where each unit represented a contingent right to receive one share of VCTR common stock, resulting in the acquisition of 16,390 common shares upon vesting approval.
How many performance-based restricted stock units does Mannik S. Dhillon hold after these VCTR transactions?
After the reported settlement, Dhillon holds 32,781 performance-based restricted stock units directly, as shown by the total shares following the derivative transaction for performance-based restricted stock in the Form 4 data.
AI-generated analysis. How Rhea-AI works. Not financial advice.
