Policarpo Michael Dennis 4

What Happened
Policarpo Michael Dennis, President, Chief Financial Officer and Chief Administrative Officer of Victory Capital Holdings, received an equity award of 62,246 shares of common stock (transaction code A) on March 15, 2026. The reporting value of the award is $4,149,941, based on a per-share price of $66.67 (closing price used from March 13, 2026). This was an award/grant (an acquisition), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-15; Form 4 filed 2026-03-16 (one day later; filing appears timely).
• Awarded shares: 62,246 shares at a price basis of $66.67, total value $4,149,941.
• Vesting: The shares vest in equal installments on March 15, 2027, 2028 and 2029 (per footnote).
• Price note: Per footnote, the $66.67 price is based on the company’s closing price on March 13, 2026.
• Shares owned after transaction: Not specified in the provided filing summary.
• Transaction type: A = Award/Grant (not a sale or open-market buy).

Context
This is an equity award—often used for compensation and retention—rather than an immediate cash purchase or sale. The multi-year vesting schedule means the economic benefit to the insider is realized over time as the shares vest. As always, awards do not by themselves indicate intent to buy or sell additional shares.