SAN ANTONIO — David Craig Brown, chairman and CEO of Victory Capital Holdings, sold 58,056 shares of the company on August 5, 2026. The disposition by David Craig Brown was required to satisfy tax withholding obligations following the vesting of performance-based restricted stock units. Following the transaction, David Craig Brown maintains a direct ownership position of 2,352,838 shares and retains 442,586 derivative securities.

Mannik S. Dhillon, president of investment franchises & solutions and head of ETFs for Victory Capital Holdings, disposed of 6,452 shares of common stock on August 5, 2026. The transaction by Mannik S. Dhillon was a non-discretionary disposition to cover tax liabilities associated with the vesting of performance-based restricted stock. According to stocktitan.net, Mannik S. Dhillon vested 16,390 performance-based restricted shares on August 5, 2026, which settled into 16,390 common shares, with 6,452 shares withheld for tax obligations based on the closing share price of $99. Following the transaction, Mannik S. Dhillon holds 307,686 shares directly and 49,171 derivative securities.

Michael Dennis Policarpo, president, CFO and CAO of Victory Capital Holdings, reported a non-discretionary sale of 33,453 shares of common stock on August 5, 2026. The transaction by Michael Dennis Policarpo totaled approximately $3.3 million based on a weighted average sale price of $99.97. Following the transaction, Michael Dennis Policarpo holds 1,234,577 shares directly and 221,287 derivative securities.

Thomas Michael Sipp, executive vice president of Victory Capital Holdings, reported a non-discretionary disposition of 18,177 shares on August 5, 2026. The transaction by Thomas Michael Sipp was executed to cover tax liabilities resulting from the vesting of performance-based restricted stock. Following the transaction, Thomas Michael Sipp retains nearly 123,000 derivative securities.

The vesting event for Victory Capital executives was linked to the Amended and Restated Victory Capital Holdings, Inc. 2018 Equity Plan. Victory Capital Holdings stock generated a one-year total return of 44% as of August 5, 2026. Victory Capital Holdings share price was $106.79 at market close on August 6, 2026.

Victory Capital operates from San Antonio with 699 employees. Victory Capital Holdings reported trailing-twelve-month revenue of $1.6 billion. Victory Capital Holdings reported trailing-twelve-month net income of $460.9 million.

Victory Capital posted quarterly revenue of $435 million. Victory Capital's exchange-traded fund assets climbed 54% over the past year to $23.2 billion. Victory Capital's exchange-traded fund assets grew at a 27% organic clip.

The executive transactions reflect the mechanics of the Amended and Restated Victory Capital Holdings, Inc. 2018 Equity Plan, which ties compensation to specific stock price milestones. The Compensation Committee approved the vesting after the company cleared the first of four hurdles established in March 2026. These non-discretionary sales were structured to cover tax liabilities rather than represent discretionary market exits by the leadership team.

The vesting occurred against a backdrop of strong financial metrics for the firm. Victory Capital's exchange-traded fund assets reached $23.2 billion, representing a 54% increase over the prior year. The company reported trailing-twelve-month revenue of $1.6 billion and net income of $460.9 million. CEO David Brown said the quarter was "a landmark period for Victory Capital."

Why It Matters

These transactions illustrate the operational mechanics of performance-based equity plans, where executive stock sales are mandated by tax codes rather than discretionary market timing. The vesting event confirms the company achieved the first of four specific stock price hurdles established in March 2026, validating the link between compensation structure and the firm's 44% one-year total return. Executives retain significant direct ownership and derivative positions following these automatic dispositions.