Virtu Financial (VIRT) director keeps 29,590 shares after gift
Rhea-AI Filing Summary
Virtu Financial, Inc. (VIRT) director John Nixon reported a bona fide gift of 1,312 shares of Class A common stock on August 19, 2026, at a reference price of $59.98 per share. After this gift, he directly holds 29,590 shares plus 2,504 RSUs that vest on July 1, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,312 shares
Net Sell
2 txns
Insider
Nixon John
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A common stock | 1,312 | $59.98 | $79K |
| holding | Restricted Stock Unit F1, F2 | -- | -- | -- |
Holdings After Transaction:
Class A common stock — 29,590 shares (Direct);
Restricted Stock Unit — 2,504 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. The RSUs vest on July 1, 2027.
Key Figures
Gifted shares: 1,312 shares
Per-share reference value: $59.98 per share
Shares held after transaction: 29,590 shares
+2 more
5 metrics
Gifted shares
1,312 shares
Bona fide gift of Class A common stock on August 19, 2026
Per-share reference value
$59.98 per share
Value reported for the 1,312-share gift transaction
Shares held after transaction
29,590 shares
Direct Class A common stock holdings following the gift
RSUs underlying shares
2,504 shares
Class A common stock underlying RSUs held directly
RSU vesting date
July 1, 2027
Vesting date for the 2,504 RSUs
Key Terms
Restricted Stock Unit, bona fide gift, Second Amended and Restated 2015 Management Incentive Plan
3 terms
Restricted Stock Unit financial
"The RSUs vest on July 1, 2027."
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.
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Second Amended and Restated 2015 Management Incentive Plan financial
"Each RSU is granted under the Issuer's Second Amended and Restated 2015 Management"
FAQ
What insider transaction did John Nixon report for VIRT on this Form 4?
John Nixon reported a bona fide gift of 1,312 shares of Virtu Financial Class A common stock on August 19, 2026, coded as transaction type G (gift), rather than an open-market purchase or sale.
Were John Nixon’s VIRT transactions reported as under a Rule 10b5-1 trading plan?
No. The filing indicates the Rule 10b5-1 checkbox is not checked, so the reported gift transaction was not identified as executed pursuant to a Rule 10b5-1 trading plan.
Under what plan were John Nixon’s VIRT RSUs granted?
John Nixon’s RSUs were granted under Virtu Financial’s Second Amended and Restated 2015 Management Incentive Plan. Each RSU represents a contingent right to receive one share of the company’s Class A common stock upon vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
