Victory Capital CFO vests 73,763 performance shares
Victory Capital Holdings executive Michael Dennis Policarpo, President, CFO & CAO, reported vesting of 73,763 performance-based restricted shares on August 5, 2026, upon achievement of the first stock price performance hurdle under the 2018 Equity Plan.
Rhea-AI Filing Summary
Victory Capital Holdings executive Michael Dennis Policarpo, President, CFO & CAO, reported vesting of 73,763 performance-based restricted shares on August 5, 2026, upon achievement of the first stock price performance hurdle under the 2018 Equity Plan. These converted into an equal number of common shares, of which 33,453 were withheld at $99.97 per share to satisfy tax obligations. Following the settlement, he directly held 221,287 shares of common stock.
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Insider Trade Summary
73,763 shares exercised/converted
Exercise
3 txns
Insider
Policarpo Michael Dennis
Role
President, CFO & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance-based Restricted Stock F3, F4, F1, F5, F6 | 73,763 | -- | -- |
| Exercise | Common Stock F1 | 73,763 | -- | -- |
| Tax Withholding | Common Stock F2 | 33,453 | $99.97 | $3.34M |
Holdings After Transaction:
Performance-based Restricted Stock — 221,287 contracts (Direct);
Common Stock — 1,234,577 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-based shares vested: 73,763 shares
Shares withheld for taxes: 33,453 shares
Tax withholding price: $99.97 per share
+2 more
5 metrics
Performance-based shares vested
73,763 shares
Performance-based restricted stock settled into common stock on August 5, 2026
Shares withheld for taxes
33,453 shares
Common stock withheld to satisfy tax obligation upon vesting
Tax withholding price
$99.97 per share
Closing price used for tax withholding on August 5, 2026
Common shares held after transaction
221,287 shares
Direct holdings of common stock reported following settlement
Performance-based award size
73,763 shares
Each performance-based restricted share represented a right to one common share
Key Terms
performance-based restricted stock, Performance Shares, stock price performance hurdle, 2018 Equity Plan, +1 more
5 terms
performance-based restricted stock financial
"Acquisition of Common Stock upon settlement of performance-based restricted stock."
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"
withheld to satisfy the reporting person's tax obligation financial
"Represents shares of Common Stock withheld to satisfy the reporting person's tax obligation"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider equity event did Victory Capital (VCTR) report for Michael Dennis Policarpo?
Victory Capital reported that 73,763 performance-based restricted shares for President, CFO & CAO Michael Dennis Policarpo vested on August 5, 2026. The award vested after achievement of the first stock price performance hurdle under the company’s 2018 Equity Plan and settled in common stock.
What are Michael Policarpo’s Victory Capital (VCTR) holdings after this transaction?
After the vesting and tax withholding, Michael Policarpo directly held 221,287 shares of Victory Capital common stock. This post-transaction holding reflects the net result following conversion of 73,763 performance-based restricted shares and the withholding of 33,453 shares for tax purposes.
What performance conditions were tied to Michael Policarpo’s Victory Capital (VCTR) award?
The vested award consisted of performance-based restricted stock granted March 15, 2026, with vesting tied to four stock price performance hurdles. The shares vested after the Compensation Committee approved achievement of the first hurdle on August 5, 2026, under the 2018 Equity Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
