Victory Capital (NASDAQ: VCTR) president vests 16,390 shares, 6,452 withheld
Rhea-AI Filing Summary
Victory Capital Holdings, Inc. reported that Mannik S. Dhillon, President Investment Franchise, exercised performance-based restricted stock on August 5, 2026. 16,390 Performance Shares, each representing a right to one share, settled into an equal number of Common Stock shares, following approval of the first stock price performance hurdle.
Of the resulting Common Stock, 6,452 shares were withheld to satisfy Dhillon’s tax obligation, based on the closing share price of $99.97 on August 5, 2026. After this vesting, Dhillon continued to hold 49,171 performance-based restricted shares under the company’s 2018 Equity Plan.
Positive
- None.
Negative
- None.
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 | $99.97 | $645K |
Holdings After Transaction:
Performance-based Restricted Stock — 49,171 shares (Direct);
Common Stock — 307,686 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 5, 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 5, 2026 following approval by the Compensation Committee of the Board of Directors of the Issuer of the achievement of the first stock price performance hurdle.
- F6. Not applicable.
Key Figures
Performance Shares settled: 16,390 shares
Common Stock acquired: 16,390 shares
Shares withheld for taxes: 6,452 shares
+5 more
8 metrics
Performance Shares settled
16,390 shares
Performance-based restricted stock settled into Common Stock on August 5, 2026
Common Stock acquired
16,390 shares
Shares of Common Stock received upon settlement of Performance Shares
Shares withheld for taxes
6,452 shares
Common Stock withheld to satisfy tax obligation at vesting
Tax withholding price
$99.97 per share
Based on closing price of Victory Capital shares on August 5, 2026
Remaining Performance Shares
49,171 shares
Performance-based restricted stock held after the reported transaction
Performance hurdles
4
Vesting tied to four significant stock price performance hurdles
Grant date
March 15, 2026
Date Performance Shares were granted under 2018 Equity Plan
Vesting approval date
August 5, 2026
Compensation Committee approved achievement of first performance hurdle
Key Terms
performance-based restricted stock, Performance Shares, Amended and Restated Victory Capital Holdings, Inc. 2018 Equity Plan, stock price performance hurdle, +1 more
5 terms
performance-based restricted stock financial
"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.
Amended and Restated Victory Capital Holdings, Inc. 2018 Equity Plan financial
"granted to the Reporting Person pursuant to the Amended and Restated Victory Capital"
stock price performance hurdle financial
"vesting tied to four significant stock price performance hurdles"
Compensation Committee financial
"vested on August 5, 2026 following approval by the Compensation Committee"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did VCTR executive Mannik S. Dhillon report?
Mannik S. Dhillon reported the vesting and exercise of 16,390 performance-based restricted shares into Common Stock on August 5, 2026. The shares vested after the Compensation Committee approved achievement of the first stock price performance hurdle under Victory Capital’s 2018 Equity Plan.