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Michael D. Policarpo is the President, Chief Financial Officer, and Chief Administrative Officer of Victory Capital Holdings, Inc., having been with the company for 14 years. He took on his current role in March 2019 after previously serving as Chief...

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Michael D. Policarpo

CEO of Victory Capital Holdings, Inc.

Education

MBA from a top business school.

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1978 - 47 years ago

CEO of Victory Capital Holdings, Inc. for

2 years 2 months (Mar 2023 - Present)

Previous Experience

Chief Operating Officer and various roles in finance and operations at Victory Capital.

Holdings

See how much did Michael D. Policarpo make over time.

Michael D. Policarpo has a significant holding in Victory Capital, reflecting his strong belief in the company’s future. As of the latest reports, he owns 8,000 shares of Class A common stock and an impressive 286,428 shares of Class B...

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Insider Trading

See recent insider trades of Michael D. Policarpo.

VCTR

$4.00M

VCTR at $40.16/share

Mar 15, 2024

Received

VCTR

$1.46M

VCTR at $29.74/share

Mar 15, 2023

Received

VCTR

$1.69M

VCTR at $32.17/share

Mar 15, 2022

Received

VCTR

$259.65K

VCTR at $34.62/share

Nov 22, 2021

Purchase

Compensation History

See how much did Michael D. Policarpo make over time.

In 2023, Michael D. Policarpo received total compensation of $5,050,000. His salary alone accounted for $450,000, supplemented by a cash bonus of $600,000, aligning his incentives with performance. A standout part of his compensation package includes over 49,000 restricted stock units. This means he’s not just earning a flat salary but also has a vested interest in the company’s performance over the coming years. His compensation package is structured to retain talent and motivate top executives by tying pay directly to the company's financial success—marking a shift from traditional salary structures. This strategic approach hints at the company’s goal to foster innovation while aligning the interests of executive leadership and shareholders. His role is crucial for steering the company through growth phases, with clear performance metrics guiding future compensation increases.

Year

2023

Total Compensation

$2.98M

Salary

$450.00K

Board Justification

The compensation philosophy is designed to attract, retain, and motivate executives while aligning their interests with those of the shareholders, balancing the need for competitive compensation with the goal of providing superior financial returns to shareholders.

Bonus

$600.00K

Board Justification

The cash portion of the annual performance incentives earned by Mr. Policarpo for the year 2023.

Other

$231.77K

Board Justification

Represents Company matching contributions to Mr. Policarpo’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

$1.70M(49 RSU)

Board Justification

The number of restricted shares granted to Mr. Policarpo in 2023 that vest over three years, with one-third of the restricted shares vesting on the anniversary of the grant date for three years after the grant date, subject to continued service.

Performance Metrics

The performance metrics for determining Mr. Policarpo's compensation included investment performance, financial performance, and strategic performance.

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