Victory Capital Holdings Inc. (NASDAQ: VCTR) Chairman and CEO David Craig Brown sold 58,056 shares on August 5, according to an SEC Form 4 filing. This disposition was due to tax withholding obligations following the vesting of performance-based restricted stock units. The vesting occurred because the company met the first of four stock price performance hurdles outlined in its 2018 Equity Plan. Despite the sale, Brown retains over 2.3 million direct shares and 442,586 derivative securities subject to future vesting criteria. The company's stock had gained 44% as of the August 5 transaction date, closing at $106.79 on August 6.