Victory Capital Holdings CEO David Craig Brown sold 58,056 shares worth $5.8 million to cover tax withholding after performance-based restricted stock units vested when the company's stock price cleared the first of four hurdles in its equity plan. The vesting was triggered by a 44% share price gain, and Brown still directly holds 2.4 million shares plus 442,586 derivative securities tied to future performance targets. The company recently reported record second-quarter results with revenue up 24% to $435 million, total client assets of $346 billion, and record net long-term inflows of $4.2 billion. Four other executives also had shares vest on the same day due to the same stock price target being met.
Victory Capital Holdings IncCEO's performance-based RSUs vested after stock hit target, reflecting strong performance; company reported record Q2 results with revenue up 24% and record inflows.
