The sale was non-discretionary, triggered by vesting of performance-based shares after the stock met a pre-set target.
Victory Capital Holdings Inc. CFO Michael Policarpo sold 33,453 shares for $3.3 million on August 5, according to an SEC filing. The transaction occurred at a weighted average price of $99.97 per share, matching the stock’s closing price that day.
The sale was non-discretionary, tied to tax withholding obligations from the vesting of performance-based restricted stock. The vesting followed the company’s stock meeting a predetermined price hurdle set in March 2026. Victory Capital’s stock delivered a 44% one-year total return as of August 5.
Policarpo retains significant equity exposure, holding 1.23 million shares and 221,287 derivative securities, including unvested awards.