Thomas Michael Sipp, executive vice president of Victory Capital Holdings, reported a non-discretionary disposition of 18,177 shares at $99.97 per share, totaling $1.8 million, according to an SEC filing. The shares were withheld to satisfy tax obligations from the August 5 vesting of performance-based restricted stock, and Sipp continues to hold 123,000 derivative securities. The vesting was triggered by the stock clearing the first of four price hurdles, with shares up 44% over the prior 12 months and closing at $106.79 on August 6. Victory Capital recently posted record quarterly revenue of $435 million and $4.2 billion in net long-term inflows.
Victory Capital Holdings IncInsider sale for tax purposes, not a strategic signal; company fundamentals strong.
