Virtu Financial (VIRT) CFO Cindy Lee details RSU vesting, tax share withholding in Form 4 filing
Rhea-AI Filing Summary
Virtu Financial, Inc. Chief Financial Officer Cindy Lee reported equity award activity involving the company’s Class A common stock and restricted stock units in early February 2026. On February 2, 2026, 2,749 RSUs vested and were settled in 2,749 shares of Class A common stock, with 1,108 of those shares withheld by Virtu to cover taxes. On February 3, 2026, a further 3,090 RSUs vested into 3,090 Class A shares, with 1,246 shares withheld for taxes.
Following these transactions, Lee directly held 22,077 shares of Class A common stock and 27,252 RSUs, each RSU representing a contingent right to receive one Class A share under Virtu’s Amended and Restated 2015 Management Incentive Plan. The filing also notes 4,760 non-voting common interest units of Virtu Financial LLC held indirectly through Virtu Employee Holdco LLC, a vehicle through which employees and directors hold Virtu Financial Units and Class C common stock, with the reporting person disclaiming beneficial ownership except to the extent of her pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 3,090 | $0.00 | -- |
| Exercise | Class A common stock | 3,090 | $0.00 | -- |
| Tax Withholding | Class A common stock | 1,246 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 2,749 | $0.00 | -- |
| Exercise | Class A common stock | 2,749 | $0.00 | -- |
| Tax Withholding | Class A common stock | 1,108 | $0.00 | -- |
| holding | Non-voting common interest units of Virtu Financial LLC | -- | -- | -- |
Footnotes (1)
- 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. 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. 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 vested on February 2, 2026. The RSUs vested on February 3, 2026. 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.
