Virtu Financial (VIRT) CFO logs new RSU awards and tax-share withholding
Rhea-AI Filing Summary
Virtu Financial’s Chief Financial Officer reported equity compensation changes and an amendment to a prior insider filing. On February 4, 2025, the CFO received 2,343 shares of Class A common stock granted under the company’s 2015 Management Incentive Plan and had 1,296 shares withheld to cover taxes, leaving 13,377 shares held directly.
The filing also shows new restricted stock unit awards covering 3,514 and 50,000 shares of Class A common stock, which vest in stages during February 2026–2029. In addition, there are 4,760 non-voting common interest units in Virtu Financial LLC indirectly held through Virtu Employee Holdco LLC, where the CFO disclaims beneficial ownership beyond his economic interest. The amendment clarifies that the 2,343 RSUs vested immediately upon grant and adds the 50,000 RSU grant that was not shown previously.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 3,514 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit | 50,000 | $0.00 | -- |
| Grant/Award | Class A common stock | 2,343 | $0.00 | -- |
| Tax Withholding | Class A common stock | 1,296 | $0.00 | -- |
| holding | Non-voting common interest units of Virtu Financial LLC | -- | -- | -- |
Footnotes (1)
- Shares of Class A common stock granted under the Issuer's Amended and Restated 2015 Management Incentive Plan based on the volume weighted average price of the Issuer's Class A common stock on the three trading days preceding the grant date of $39.8369. Shares of Class A common stock withheld for tax by the Issuer in accordance with the Issuer's Amended and Restated 2015 Management Incentive Plan. Each RSU is granted under the Issuer's Amended and Restated 2015 Management Incentive Plan and represents a contingent right to receive one share of Class A common stock of the Issuer. The RSUs vest in February 2026, 2027, 2028 and 2029. Pursuant to the terms of the Exchange Agreement, effective as of April 15, 2015, by and among the Issuer, Virtu Financial LLC and the equityholders of Virtu Financial LLC (the "Exchange Agreement"), Virtu Financial Units, together with a corresponding number of shares of Class C Common Stock, may be exchanged for shares of Class A Common Stock, which have one vote per share and economic rights (including rights to dividends and distributions upon liquidation), on a one-for-one basis at the discretion of the holder. The exchange rights under the Exchange Agreement do not expire. By Virtu Employee Holdco LLC, a holding vehicle through which employees and directors of the Issuer hold vested and unvested Virtu Financial Units and shares of Class C Common Stock. The reporting person disclaims beneficial ownership in such Virtu Financial Units and shares held by Virtu Employee Holdco LLC except to the extent of his pecuniary interest therein.
