Victory Capital's Insider Trades: A Test of Corporate Alignments The recent SEC filing detailing Thomas Michael Sipp's non discretionary disposition of 18,177 shares in Victory Capital Holdings has set off alarm bells among market analysts and investors.
The $1. 8 million sale represents a 13% decrease in Sipp's direct holdings, but it was not a decision made by Sipp about the price of Victory Capital stock.
Instead, it was a non discretionary execution to cover tax liabilities resulting from the vesting of performance based restricted stock.