Virtu Financial (NASDAQ: VIRT) director sells stock near $61
Rhea-AI Filing Summary
Virtu Financial, Inc. (VIRT) director Joseph J. Grano Jr. reported selling 8,400 shares of Class A common stock on August 19, 2026 at a weighted average price of $60.9352 per share. After this sale, he holds 33,814 Class A shares directly and 2,504 RSUs that will vest on July 1, 2027, each RSU representing one share of Class A common stock.
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Insights
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Insider Trade Summary
Net Seller: 8,400 shares
Net Sell
2 txns
Insider
GRANO JOSEPH J JR
Role
Director
Sold
8,400 shs ($512K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A common stock F1 | 8,400 | $60.9352 | $512K |
| holding | Restricted Stock Unit F2, F3 | -- | -- | -- |
Holdings After Transaction:
Class A common stock — 33,814 shares (Direct);
Restricted Stock Unit — 2,504 shares (Direct)
Footnotes (3)
- F1. The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $60.50 to $61.20, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of Virtu Financial, Inc., or to Virtu Financial, Inc., upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F2. Each RSU is granted under the Issuer's Second Amended and Restated 2015 Management Incentive Plan and represents a contingent right to receive one share of Class A common stock of the Issuer.
- F3. The RSUs vest on July 1, 2027.
Key Figures
Shares sold: 8,400 shares of Class A common stock
Weighted average sale price: $60.9352 per share
Shares owned after transaction: 33,814 shares of Class A common stock
+2 more
5 metrics
Shares sold
8,400 shares of Class A common stock
Sale reported on August 19, 2026
Weighted average sale price
$60.9352 per share
Multiple transactions between $60.50 and $61.20
Shares owned after transaction
33,814 shares of Class A common stock
Direct ownership following the August 19, 2026 sale
RSUs underlying shares
2,504 shares of Class A common stock
Underlying Restricted Stock Units held directly
RSU vesting date
July 1, 2027
Vesting date for reported Restricted Stock Units
Key Terms
weighted average price, Restricted Stock Unit, contingent right, Management Incentive Plan, +1 more
5 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Restricted Stock Unit financial
"Each RSU is granted under the Issuer's Second Amended and Restated 2015 Management Incentive Plan"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
contingent right financial
"represents a contingent right to receive one share of Class A common stock"
Management Incentive Plan financial
"granted under the Issuer's Second Amended and Restated 2015 Management Incentive Plan"
A management incentive plan is a structured pay program that rewards company executives and senior managers when they meet specific goals, using cash bonuses, stock awards, or options. It matters to investors because it helps align leaders’ actions with shareholder interests—like tying a coach’s bonus to a team’s wins—while influencing retention, risk-taking and potential share dilution, all of which can affect company performance and stock value.
vest financial
"The RSUs vest on July 1, 2027."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transaction did VIRT director Joseph J. Grano Jr. report?
He reported a sale of 8,400 shares of Virtu Financial, Inc. Class A common stock on August 19, 2026, classified as a sale in an open market or private transaction.
Does Joseph J. Grano Jr. hold any VIRT restricted stock units (RSUs)?
Yes. He holds 2,504 Restricted Stock Units (RSUs), each representing a contingent right to receive one share of Class A common stock under the Second Amended and Restated 2015 Management Incentive Plan.
When do Joseph J. Grano Jr.’s VIRT RSUs vest?
The RSUs reported in the filing vest on July 1, 2027, at which time each vested RSU will entitle him to receive one share of Virtu Financial, Inc. Class A common stock.
Was the VIRT insider sale under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not affirmed (set to false), and the footnotes do not state that the transactions were made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
