What to Know When a Victory Capital Insider's Stock Vests on a Price Target
Nina Gupta's automatic share disposition followed the vesting of performance-based restricted stock tied to stock price hurdles.
Overview
Nina Gupta, the chief legal officer of Victory Capital Holdings, Inc. (NASDAQ:VCTR), reported a non-discretionary disposition of 9,732 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, reflecting a net profit margin of approximately 28.8%. Operating from San Antonio, 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.