Policarpo Michael Dennis 4

What Happened

• Policarpo Michael Dennis, President, CFO & CAO of Victory Capital Holdings (VCTR), had 28,031 restricted shares withheld by the company to satisfy withholding taxes tied to the vesting of restricted shares. The shares were valued at $66.67 each for a total of $1,868,827.

Key Details

• Transaction date: 2026-03-15; Form 4 filed: 2026-03-16 (appears timely).
• Price used: $66.67 per share; total value: $1,868,827.
• Transaction code: F (payment of exercise price or tax liability — share withholding).
• Footnote: Withheld shares satisfied taxes on restricted shares granted March 15, 2023, 2024 and 2025 that vested March 15, 2026; net settlement price was the closing price on March 13, 2026.
• Shares owned after the transaction: not specified in the provided filing.

Context

• This was a tax-withholding (net settlement) on vested restricted stock — a routine administrative transaction, not an open-market sale. Such withholdings are common and do not necessarily signal insider sentiment about the stock.