Victory Capital's ETF Chief Had Shares Vest on a Price Target. Here's What to Know
Dhillon disposed of shares to cover tax withholding on performance-based restricted stock that vested following achievement of a stock price hurdle.
Overview
Mannik S. Dhillon, president of investment franchises & solutions and head of ETFs for Victory Capital Holdings, Inc. (NASDAQ:VCTR), disposed of 6,452 shares of common stock on August 5, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($99.97); post-transaction value based on the August 5 market close ($99.97).
Details
Victory Capital Holdings represents a significant player in the global asset management industry with $6.7 billion in market capitalization and $1.6 billion in TTM revenue. The company has demonstrated strong financial performance with TTM net income of $460.9 million. Operating from San Antonio with 699 employees, Victory Capital leverages its integrated platform approach to deliver comprehensive asset management solutions across institutional and retail channels, positioning itself competitively within the financial services sector.
Source
Originally published at www.fool.com.