Virtu Financial (VIRT) CFO Cindy Lee details stock and RSU activity
Rhea-AI Filing Summary
Virtu Financial, Inc. Chief Financial Officer Cindy Lee reported several equity compensation changes dated February 4, 2026. Restricted stock units (RSUs) converted into Class A common stock, with part of the shares withheld by the company to cover taxes under its 2015 Management Incentive Plan.
Lee also received a new grant of 8,284 RSUs, which are scheduled to vest on February 4, 2027, 2028, and 2029. After these transactions, she directly beneficially owned 31,637 shares of Class A common stock and 74,207 RSUs. Separately, 4,760 non-voting common interest units of Virtu Financial LLC are held indirectly through Virtu Employee Holdco LLC, where she disclaims beneficial ownership except for her pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 9,560 shares
Net Buy
10 txns
Insider
Lee Cindy
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 1,172 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 12,500 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Unit | 8,284 | $0.00 | $0.00 |
| Exercise | Class A common stock | 1,172 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A common stock | 589 | $0.00 | $0.00 |
| Exercise | Class A common stock | 12,500 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A common stock | 6,274 | $0.00 | $0.00 |
| Grant/Award | Class A common stock | 5,523 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A common stock | 2,772 | $0.00 | $0.00 |
| holding | Non-voting common interest units of Virtu Financial LLC | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 74,207 shares (Direct);
Class A common stock — 31,637 shares (Direct);
Non-voting common interest units of Virtu Financial LLC — 4,760 shares (Indirect, See footnote)
Footnotes (8)
- F1. Shares of Class A common stock issued in settlement of vested shares granted under the Issuer's Second Amended and Restated 2015 Management Incentive Plan.
- F2. Shares of Class A common stock withheld for tax by the Issuer in relation to the settlement of vested RSUs in accordance with the Issuer's Amended and Restated 2015 Management Incentive Plan.
- F3. Shares of Class A common stock granted under the Issuer's Second Amended and Restated 2015 Management Incentive Plan.
- F4. 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.
- F5. The RSUs vested on February 4, 2026
- F6. The RSUs vest on February 4, 2027, February 4, 2028 and February 4, 2029.
- F7. 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.
- F8. 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.
FAQ
What insider transaction did Virtu Financial (VIRT) CFO Cindy Lee report?
Cindy Lee reported equity compensation activity involving Class A common stock and restricted stock units. RSUs vested and were settled in shares, with some shares withheld for taxes, and she also received a new RSU grant under Virtu’s 2015 Management Incentive Plan.
What restricted stock unit (RSU) activity did Cindy Lee report for Virtu Financial (VIRT)?
Cindy Lee reported RSUs that vested and converted into Class A common stock, plus a new grant of 8,284 RSUs. The new RSUs were granted at no cash cost and are scheduled to vest on February 4, 2027, February 4, 2028, and February 4, 2029.
How many RSUs does Virtu Financial CFO Cindy Lee hold after these transactions?
Following the reported RSU exercises and new grant, Cindy Lee beneficially owned 74,207 restricted stock units. Each RSU represents a contingent right to receive one share of Virtu Financial Class A common stock under the company’s equity incentive plan.
What are the non-voting common interest units reported for Virtu Financial (VIRT)?
The Form 4 shows 4,760 non-voting common interest units of Virtu Financial LLC held indirectly via Virtu Employee Holdco LLC. These units, with corresponding Class C shares, may be exchanged one-for-one into Class A common stock under an exchange agreement without an expiration date.
Does Cindy Lee fully own the Virtu Financial units held via Virtu Employee Holdco LLC?
The filing states the units are held by Virtu Employee Holdco LLC, a vehicle for employees and directors. Cindy Lee disclaims beneficial ownership of those Virtu Financial units and related Class C shares, except to the extent of her pecuniary interest in them.
AI-generated analysis. How Rhea-AI works. Not financial advice.
