Virtu Financial (VIRT) COO Molluso settles 7,531 units, 3,988 shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Virtu Financial Co-President & Co-COO Joseph Molluso reported routine equity compensation activity tied to the company’s Deferred Compensation Plan. On July 1, 2026, 7,531 Deferred Stock Units became payable and were converted into an equal number of shares of Class A common stock.
To cover related tax obligations, the issuer withheld 3,988 shares of Class A common stock. After these transactions, Molluso directly held 334,116 shares of Class A common stock. He also held Restricted Stock Units representing 86,347 underlying shares, which are scheduled to vest on various dates in 2027, 2028 and 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,531 shares exercised/converted
Mixed
4 txns
Insider
Molluso Joseph
Role
Co-President & Co-COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Deferred Stock Unit | 7,531 | $0.00 | -- |
| Exercise | Class A common stock | 7,531 | $0.00 | -- |
| Tax Withholding | Class A common stock | 3,988 | $0.00 | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
Holdings After Transaction:
Deferred Stock Unit — 0 shares (Direct, null);
Class A common stock — 334,116 shares (Direct, null);
Restricted Stock Unit — 86,347 shares (Direct, null)
Footnotes (1)
- Shares of Class A common stock distributed under the Virtu Financial, Inc. Deferred Compensation Plan, effective November 13, 2020 (the "Deferred Compensation Plan"), as of July 1, 2026, the date specified in the Reporting Person's deferral election Shares of Class A common stock withheld for tax by the Issuer in relation to the distribution of Class A common stock under the Deferred Compensation Plan. Deferred Stock Units ("DSU") credited to the reporting person under the Virtu Financial, Inc. Deferred Compensation Plan, effective November 13, 2020, for Restricted Stock Units ("RSUs") granted under the Issuer's Amended and Restated 2015 Management Incentive Plan. Each DSU is economically equivalent to one share of Class A common stock. The DSUs credited under the Deferred Compensation Plan became payable on July 1, 2026, in accordance with the terms thereof. 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 vest on various dates in 2027, 2028 and 2029.
