How Brown was paid
$16.2M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| David C. BrownChief Executive Officer and Chairman | $600,000 | $9,819,944 | $5,600,000 | $178,500 | $16,198,444 |
| Michael D. PolicarpoPresident, Chief Financial Officer and Chief Administrative Officer | $450,000 | $4,749,946 | $2,100,000 | $103,000 | $7,402,946 |
| Thomas M. SippExecutive Vice President | $375,000 | $2,999,982 | $850,000 | — | $4,224,982 |
| Nina GuptaChief Legal Officer and Head of Human Resources Administration | $400,000 | $1,749,998 | $1,200,000 | $83,500 | $3,433,498 |
| Mannik S. DhillonPresident, Investment Franchises and Solutions; Head of Product and Strategy | $325,000 | $1,099,981 | $900,000 | $64,750 | $2,389,731 |
What changed and why
- $16.2MDavid C. Brown received total compensation of $16,198,444 in 2025, representing an increase from $11,594,447 in 2024.
- $600KMr. Brown's 2025 compensation included a base salary of $600,000, stock awards of $9,819,944, and non-equity incentive plan compensation of $5,600,000.
- $500KThomas M. Sipp joined Victory Capital on April 1, 2025, with an annual base salary of $500,000 and received total compensation of $4,224,982.
- All named executive officers participated in the nonqualified deferred compensation plan, receiving matching contributions.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.