On March 13, 2026, Victory Capital Holdings, Inc. announced the approval of a one-time grant of performance-based shares of restricted stock to key executives under the Amended and Restated Victory Capital Holdings, Inc. 2018 Equity Plan. This decision was made by the Board of Directors to incentivize long-term outperformance of the company's stock price and align the interests of executives with those of shareholders. The grant includes significant awards to top executives, including David C. Brown, Chairman and CEO, who received 590,115 Performance Shares valued at approximately $39.3 million. Other executives, such as Michael D. Policarpo and Tom Sipp, also received substantial awards, reflecting the company's commitment to retaining top talent and driving performance. The Performance Shares will vest based on achieving specific stock price hurdles over a seven-year performance period, promoting a focus on long-term value creation. The Compensation Committee's recommendation for these awards followed a thorough review of the executive compensation program, emphasizing the importance of strategic execution for the company's growth potential. This initiative is expected to enhance executive stock ownership and retention, aligning their interests with those of shareholders.

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