Davanzo Lawrence 4

What Happened

• Lawrence E. Davanzo, a director of Victory Capital Holdings, Inc. (VCTR), was issued 311 shares of common stock on July 10, 2026 as an award/acquisition in lieu of quarterly director fees. The transaction was reported at a price of $92.24 per share, totaling $28,687 on the Form 4.

Key Details

• Transaction type: Award/Grant (code A) — issuance in lieu of cash director fees.
• Transaction date: July 10, 2026; Form 4 filed July 14, 2026 (within the two-business-day filing window).
• Price and value: 311 shares × $92.24 = $28,687 (footnote states the shares were issued in lieu of fees of $28,750; price was based on the July 10 closing stock price).
• Post-transaction holdings: Not reported in this filing.
• Holding vehicle: Shares were issued to the Lawrence E. Davanzo and Christine Davanzo Revocable Trust; Mr. Davanzo is trustee and disclaims beneficial ownership except to the extent of any pecuniary interest.

Context

• This is a routine director compensation transaction (shares issued instead of cash fees) and not an open-market purchase or sale. Such awards are standard practice for board compensation and do not, by themselves, indicate a change in the director’s market view.