Victory Capital EVP Receives $3M Stock Grant in Long-term Retention Plan
Victory Capital Holdings (VCTR) Executive Vice President Thomas Michael Sipp received a significant equity grant on June 15, 2025.
Rhea-AI Filing Summary
Victory Capital Holdings (VCTR) Executive Vice President Thomas Michael Sipp received a significant equity grant on June 15, 2025. The insider was awarded 48,701 shares of Common Stock at a price of $61.60 per share, based on the closing price as of June 13, 2025.
Key details of the stock award:
- The shares will vest in equal installments over four years on June 15 of 2026, 2027, 2028, and 2029
- Total value of the grant at award price: approximately $3 million
- The transaction was reported via Form 4 filing on June 20, 2025
- The shares are held directly by the executive
This equity grant appears to be part of the company's long-term executive compensation strategy, with a four-year vesting schedule designed to promote retention and align management interests with shareholders.
Positive
- Executive Vice President Thomas Michael Sipp received 48,701 shares of restricted stock worth approximately $3 million ($61.60 per share), demonstrating long-term alignment with shareholders through 4-year vesting schedule
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 48,701 | $61.60 | $3.00M |
Footnotes (2)
- F1. Subject to certain exceptions, the shares of Common Stock vest as to 48,701 aggregate shares in equal installments on each of June 15, 2026, 2027, 2028 and 2029.
- F2. The price is based on the closing price of the Company's shares on June 13, 2025.
FAQ
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What position does Thomas Michael Sipp hold at Victory Capital Holdings (VCTR)?
When did VCTR's EVP Thomas Sipp file this Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.