David Brown is the CEO and Chairman of Victory Capital Holdings, Inc., a company he joined back in 2004. With a Bachelor's degree in Finance and an MBA from Case Western Reserve University, he knows finance inside out. Under his leadership, Victory has grown significantly, showing strong performance on the stock market. In 2023, Brown earned a total compensation of $9.92 million, which includes a $600,000 salary and a performance bonus over $1.6 million attributed to his efforts in the company. David believes in responsible investing, emphasizing ESG (Environmental, Social, and Governance) factors throughout his strategies. He has a strong commitment to enhancing investment performance while also considering the impact on society. A notable point in his financial journey includes overseeing transactions during strategic acquisitions, showcasing his knack for recognizing good business opportunities. Besides work, he has served on various boards, adding depth to his experience. Notably, at Victory, he aims to align employee interests with those of shareholders, which is something he actively implements in his role.

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David Brown

Ex-CEO of Victory Capital Holdings, Inc.

Education

Bachelor's degree in Finance from a recognized university.

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1973 - 52 years ago

CEO of Victory Capital Holdings, Inc. for

4 years 0 months (Mar 2019 - Mar 2023)

Previous Experience

CEO of Victory Capital Holdings, Inc. and various leadership roles in the financial services industry.

Rivals

Competitors/colleagues of David Brown

Ali Dibadj

CEO of Janus Henderson Group

2023 Compensation

Stock

$1.90M

Salary

$725.00K

Bonus

$3.08M

Other

$355.56K

Total Holdings

$635.28K

Harvey M. Schwartz

CEO of The Carlyle Group

2023 Compensation

Stock

$21.69M

Salary

$1.00M

Bonus

$6.00M

Other

$0.00

Total Holdings

$166.37M

Jim Cracchiolo

CEO of Ameriprise Financial

2023 Compensation

Stock

$0.00

Salary

$1.25M

Bonus

$8.38M

Other

$0.00

Total Holdings

$101.57M

John S. Weinberg

CEO of Evercore

2023 Compensation

Stock

$0.00

Salary

$500.00K

Bonus

$3.13M

Other

$0.00

Total Holdings

$718.97M

Ronald J. Kruszewski

CEO of Stifel Financial

2023 Compensation

Stock

$0.00

Salary

$200.00K

Bonus

$2.26M

Other

$822.06K

Total Holdings

$137.96M

Robin M. Raju

CEO of Equitable Holdings

2022 Compensation

Stock

$10.60M

Salary

$1.25M

Bonus

$0.00

Other

$953.42K

Total Holdings

$7.77M

Holdings

See how much did David Brown make over time.

As of 2023, David Brown holds substantial shares in Victory Capital Holdings, Inc., reflecting significant investment in the company. His holdings included around 111,022 shares of restricted stock and over 306,589 performance-based shares. These shares have a market value well over $6 million. His wealth in stock awards peaked notably in years with exceptional company performance, particularly in 2021 when his total stock compensation was around $8.75 million. The fluctuation in value mirrors the company's stock performance, indicating that when the company does well, so does David. His stakes illustrate not just his commitment to the company but align his interests directly with shareholders, further proving that he has skin in the game. However, some performance hurdles remain unmet, as one significant target is still yet to be achieved, reflecting the continuous growth journey of the company.

Mar 18, 2025

VCTR @ $58.89

Total Stock Sold

$11.85M

VCTR

$11.85M

350,000 VCTR shares

What if they kept their stock?

If David Brown didn't sell their stock, today they would have:
Extra VCTR350,000 shares worth $5.53M.
This is -53.3% and $6.32M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of David Brown.

VCTR

$7.70M

VCTR at $40.16/share

Mar 15, 2024

Received

VCTR

$5.01M

VCTR at $33.77/share

Jul 17, 2023

Sale

VCTR

$6.78M

VCTR at $33.62/share

Jul 12, 2023

Sale

VCTR

$3.38M

VCTR at $29.74/share

Mar 15, 2023

Received

VCTR

$1.62M

VCTR at $26.96/share

Dec 15, 2022

Purchase

VCTR

$3.91M

VCTR at $32.17/share

Mar 15, 2022

Received

VCTR

$1.02M

VCTR at $34.62/share

Nov 22, 2021

Purchase

VCTR

$48.44K

VCTR at $12.11/share

Feb 9, 2018

Purchase

VCTR

$200.81K

VCTR at $12.17/share

Feb 8, 2018

Purchase

Compensation History

See how much did David Brown make over time.

In 2023, David Brown's total compensation package reached approximately $9.92 million. This includes his base salary of $600,000 and a bonus that was contingent upon performance, totaling around $1.6 million. He has enjoyed dramatic fluctuations in compensation, with bonuses reflecting the company's success, peaking in 2022 at $6.85 million. His compensation policy aligns with company performance, making a tangible connection between his earnings and the health of Victory Capital. The structure of his pay indicates a focus on creating value for both shareholders and employees, which is crucial in maintaining a competitive edge in the financial sector. Additionally, his earnings include stock awards that vary yearly, depending on performance metrics set by the board, ensuring that his financial success corresponds with the company’s profitability.

Year

2023

Total Compensation

$10.22M

Salary

$600.00K

Board Justification

The compensation philosophy aligns with company performance, balancing the need to provide shareholders with superior financial returns and to provide employees with competitive compensation.

Bonus

$1.62M

Board Justification

The cash portion of the annual performance incentives earned by Mr. Brown for the year 2023, which includes $600,000 paid pursuant to his employment agreement.

Other

$295.86K

Board Justification

Company matching contributions to Mr. Brown’s 401(k) account and the nonqualified deferred compensation plan, and cash payments in lieu of dividends payable upon vesting of restricted stock granted in 2018.

Restricted Stock

$7.70M(7.7M RSU)

Board Justification

The aggregate grant date fair value of restricted shares of stock for the year 2023, calculated in accordance with FASB Accounting Standards Codification Topic 718, excluding the effect of estimated forfeitures.

Performance Metrics

Investment performance rated as 'Exceeds Expectations', financial performance rated at 'Meets Expectation', and strategic performance rated at 'Exceeds Expectations'.

Other Victory Capital Holdings, Inc. CEOs

Here are other CEOs of Victory Capital Holdings, Inc.

Michael D. Policarpo

CEO of Victory Capital Holdings, Inc.

March 2023 - Present