Virtu Financial (VIRT) CFO settles 11,667 RSUs; 6,452 shares withheld for taxes
Rhea-AI Filing Summary
Virtu Financial, Inc. Chief Financial Officer Cindy Lee settled 11,667 restricted stock units (RSUs) into an equal number of shares of Class A common stock on August 1, 2026 under the company’s incentive plan. In connection with this vesting, 6,452 shares of Class A common stock were withheld by Virtu to satisfy tax obligations. After these transactions, Lee directly holds 82,540 RSUs and has an indirect interest in 4,760 non-voting common interest units of Virtu Financial LLC, which are exchangeable on a one-for-one basis into Class A common stock with no expiration.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 5,215 shares
Net Buy
4 txns
Insider
Lee Cindy
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F3, F4 | 11,667 | $0.00 | $0.00 |
| Exercise | Class A common stock F1 | 11,667 | -- | -- |
| Tax Withholding | Class A common stock F2 | 6,452 | -- | -- |
| holding | Non-voting common interest units of Virtu Financial LLC F5, F6 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 82,540 shares (Direct);
Class A common stock — 36,852 shares (Direct);
Non-voting common interest units of Virtu Financial LLC — 4,760 shares (Indirect, See footnote)
Footnotes (6)
- F1. Shares of Class A common stock issued in settlement of vested restricted stock units ("RSUs") 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 Second Amended and Restated 2015 Management Incentive Plan.
- F3. 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.
- F4. The RSUs vested August 1, 2026.
- F5. 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.
- F6. 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.
Key Figures
RSUs settled: 11,667 units
Shares withheld for tax: 6,452 shares
RSUs held after transaction: 82,540 units
+1 more
4 metrics
RSUs settled
11,667 units
Restricted Stock Units vested and settled into Class A common stock on August 1, 2026
Shares withheld for tax
6,452 shares
Class A shares withheld by Virtu to satisfy tax liabilities on RSU settlement
RSUs held after transaction
82,540 units
Directly held RSUs remaining after the August 1, 2026 vesting event
Indirect exchangeable units
4,760 units
Non-voting common interest units of Virtu Financial LLC, exchangeable 1-for-1 into Class A stock
Key Terms
Restricted Stock Unit, Second Amended and Restated 2015 Management Incentive Plan, Exchange Agreement, Virtu Financial Units, +1 more
5 terms
Restricted Stock Unit financial
"Shares of Class A common stock issued in settlement of vested restricted stock units"
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.
Second Amended and Restated 2015 Management Incentive Plan financial
"RSUs granted under the Issuer's Second Amended and Restated 2015 Management Incentive Plan"
Exchange Agreement financial
"Pursuant to the terms of the Exchange Agreement, effective as of April 15, 2015"
A written deal in which two parties agree to swap assets, securities or obligations under set terms—think of it as a formal swap or trade contract. For investors it matters because such agreements can change who owns what, alter a company’s capital structure, affect future cash flows or dilute existing shares, and therefore influence value and risk in a straightforward, contract-driven way.
Virtu Financial Units financial
"Virtu Financial Units, together with a corresponding number of shares of Class C Common Stock"
Virtu Employee Holdco LLC financial
"By Virtu Employee Holdco LLC, a holding vehicle through which employees and directors"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Virtu Financial (VIRT) CFO Cindy Lee report on August 1, 2026?
CFO Cindy Lee reported the vesting and settlement of 11,667 RSUs into Class A common stock on August 1, 2026. The company also withheld 6,452 shares to cover tax liabilities related to this RSU settlement under its management incentive plan.
How many restricted stock units vested for Virtu Financial (VIRT) CFO Cindy Lee?
On August 1, 2026, 11,667 RSUs granted to CFO Cindy Lee vested and were settled into the same number of Class A shares. Each RSU represented a contingent right to receive one share under Virtu’s Second Amended and Restated 2015 Management Incentive Plan.
What equity awards does Virtu Financial (VIRT) CFO Cindy Lee still hold after this transaction?
Following the August 1, 2026 RSU settlement, Cindy Lee directly holds 82,540 RSUs. She also has an indirect interest in 4,760 non-voting common interest units of Virtu Financial LLC, each exchangeable into one share of Class A common stock without an expiration date.
What indirect interests in Virtu Financial (VIRT) does Cindy Lee hold through Virtu Employee Holdco LLC?
Cindy Lee has an indirect interest in 4,760 non-voting common interest units of Virtu Financial LLC held via Virtu Employee Holdco LLC. These units, together with corresponding Class C shares, may be exchanged one-for-one for Class A common stock, and she disclaims beneficial ownership except for her pecuniary interest.
Were Cindy Lee’s Virtu Financial (VIRT) transactions open-market buys or sales?
The reported activities involve RSU vesting, share issuance, and tax withholding, not open-market purchases or sales. RSUs converted into Class A shares, and some of those shares were withheld by Virtu to cover tax liabilities; no market-trading prices are disclosed.