Victory Capital grants 76,496 performance shares to CLO

Gupta Nina reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 03/16/2026 - 04:49 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Gupta Nina reported acquisition or exercise transactions in this Form 4 filing.

Victory Capital Holdings, Inc. reported that Chief Legal Officer Nina Gupta received a grant of 76,496 performance-based restricted stock units, each tied to one share of common stock. These awards vest only if ambitious stock price hurdles between $100.01 and $133.34 are met within a seven-year performance period ending on March 15, 2033, and require continued employment through the date each hurdle is achieved.

Insider Trade Summary

Grant/Award: 76,496 shares

Grant/Award 1 txn

Insider Gupta Nina

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Grant/Award	Performance-based Restricted Stock	76,496	$0.00	$0.00

Holdings After Transaction: Performance-based Restricted Stock — 76,496 contracts (Direct)

Footnotes (3)

1. F1. As disclosed on a Form 8-K filed on March 16, 2026 ("Form 8-K"), 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 (the "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.
2. F2. The Performance Shares are subject to performance-based vesting requirements tied to significant stock price performance hurdles. The Performance Shares set forth in the table above will become eligible to vest upon achievement of the following stock price hurdles at any time during the period beginning on March 15, 2026, and ending on March 15, 2033 (the "Performance Measurement Period"): (i) 25% of the Performance Shares for a stock price hurdle of $100.01 (ii) an additional 25% of the Performance Shares for a stock price hurdle of $110.01, (iii) an additional 25% of the Performance Shares for a stock price hurdle of $120.01, (iv) an additional 25% % of the Performance Shares for a stock price hurdle of $133.34. A stock price hurdle will be achieved only if the average closing price of the Issuer's common stock is equal to or greater than the hurdle for five consecutive trading days during the Performance Measurement Period.
3. F3. If Performance Shares become eligible to vest, the eligible Performance Shares will settle within ten (10) business days following approval by the Compensation Committee of the Board of Directors of the Issuer of the achievement of the stock price hurdles, subject to the Reporting Person's continued employment with the Issuer through the date the stock price hurdle is achieved.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Victory Capital (VCTR) report for Nina Gupta?

Victory Capital reported that Chief Legal Officer Nina Gupta received 76,496 performance-based restricted stock units. Each unit represents a contingent right to one share of common stock, subject to achieving specific stock price hurdles and meeting employment-based vesting conditions over a multi-year performance period.

How do the performance-based shares in Victory Capital (VCTR) vest?

The performance shares vest only if stock price hurdles are achieved and employment continues. Once a hurdle is met and approved by the Compensation Committee, eligible shares settle within ten business days, provided Gupta remains employed through the date the relevant stock price hurdle is achieved.

What stock price hurdles apply to Nina Gupta’s Victory Capital (VCTR) awards?

The grant uses four stock price hurdles: $100.01, $110.01, $120.01, and $133.34. Each level unlocks 25% of the performance shares if the average closing price meets or exceeds that hurdle for five consecutive trading days during the defined performance measurement period.

Over what period can the Victory Capital (VCTR) performance hurdles be achieved?

The stock price hurdles can be achieved at any time from March 15, 2026, through March 15, 2033. This seven-year performance measurement period gives time for long-term stock performance to determine how many of the granted performance shares ultimately become eligible to vest.

Does Nina Gupta pay anything for the Victory Capital (VCTR) performance-based shares?

The reported grant shows a price per share of $0.00, indicating these are compensation-based awards, not open-market purchases. Gupta does not buy these shares; instead, they are granted and may vest if the specified stock price and employment conditions are satisfied.

What portion of Victory Capital (VCTR) performance shares vests at each stock price level?

The structure allocates 25% of the granted performance shares to each hurdle. One-quarter vests at $100.01, another quarter at $110.01, another at $120.01, and the final 25% at $133.34, assuming each hurdle is met under the defined five-day averaging test.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gupta Nina

(Last) (First) (Middle)

15935 LA CANTERA PARKWAY

(Street)

SAN ANTONIO TX 78256

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Victory Capital Holdings, Inc. [ VCTR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance-based Restricted Stock	(1)	03/13/2026		A(2)		76,496		(3)	(3)	Common Stock	76,496	$0	76,496	D

Explanation of Responses:

1. As disclosed on a Form 8-K filed on March 16, 2026 ("Form 8-K"), 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 (the "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.

2. The Performance Shares are subject to performance-based vesting requirements tied to significant stock price performance hurdles. The Performance Shares set forth in the table above will become eligible to vest upon achievement of the following stock price hurdles at any time during the period beginning on March 15, 2026, and ending on March 15, 2033 (the "Performance Measurement Period"): (i) 25% of the Performance Shares for a stock price hurdle of $100.01 (ii) an additional 25% of the Performance Shares for a stock price hurdle of $110.01, (iii) an additional 25% of the Performance Shares for a stock price hurdle of $120.01, (iv) an additional 25% % of the Performance Shares for a stock price hurdle of $133.34. A stock price hurdle will be achieved only if the average closing price of the Issuer's common stock is equal to or greater than the hurdle for five consecutive trading days during the Performance Measurement Period.

3. If Performance Shares become eligible to vest, the eligible Performance Shares will settle within ten (10) business days following approval by the Compensation Committee of the Board of Directors of the Issuer of the achievement of the stock price hurdles, subject to the Reporting Person's continued employment with the Issuer through the date the stock price hurdle is achieved.

	/s/ Nina Gupta	03/16/2026
	** Signature of Reporting Person	Date
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