Form 4 for VIRT Virtu Financial, Inc.
Accepted 2023-02-02 00:00:00 ET · period of report 2023-01-31 · accession 0001592386-23-000009 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-02-02 | 2023-02-01 | VIRT | Cifu Douglas A | CEO, Dir | F - Tax | — | -8,002 | 402.9K | -2% | — |
| D | 2023-02-02 | 2023-02-01 | VIRT | Cifu Douglas A | CEO, Dir | M - OptEx | — | +18.1K | 410.9K | +5% | — |
| D | 2023-02-02 | 2023-02-01 | VIRT | Cifu Douglas A | CEO, Dir | M - OptEx | $0.00 | -18.1K | 141.9K | -11% | $0 |
| DM | 2023-02-02 | 2023-01-31 | VIRT | Cifu Douglas A | CEO, Dir | A - Grant | $0.00 | +150.0K | 257.5K | +140% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A common stock | 2023-02-01 | F | D | 8,002 | — | 402,907 | D | — | — | (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 Amended and Restated 2015 Management Incentive Plan. |
| 2 | Common | Class A common stock | 2023-02-01 | M | A | 18,084 | — | 410,909 | D | — | — | (F1) Shares of Class A common stock issued in settlement of vested restricted stock units ("RSUs") granted under the Issuer's Amended and Restated 2015 Management Incentive Plan. |
| 3 | Derivative | Restricted Stock Unit | 2023-02-01 | M | D | 18,084 | $0.00 | 141,867 | D | — · — to — | 18,084 Class A common stock | (F6) Each RSU is granted under the Issuer's Amended and Restated 2015 Management Incentive Plan and pursuant to the Amended and Restated Employment Agreement between the Issuer and Douglas A. Cifu and earned as a result of the Issuer's achievement of associated performance objective for 2022. Each RSU represents a contingent right to receive one share of Class A common stock of the Issuer. (F8) The RSUs vested on February 1, 2023. |
| 4 | Derivative | Restricted Stock Unit | 2023-01-31 | A | A | 75,000 | $0.00 | 159,951 | D | — · — to — | 75,000 Class A common stock | (F6) Each RSU is granted under the Issuer's Amended and Restated 2015 Management Incentive Plan and pursuant to the Amended and Restated Employment Agreement between the Issuer and Douglas A. Cifu and earned as a result of the Issuer's achievement of associated performance objective for 2022. Each RSU represents a contingent right to receive one share of Class A common stock of the Issuer. (F7) The RSUs vest on December 31, 2023. |
| 5 | Derivative | Deferred Stock Unit | 2023-01-31 | A | A | 75,000 | $0.00 | 257,522 | D | — · — to — | 75,000 Class A common stock | (F4) Deferred Stock Units ("DSU") credited to the reporting person under the Virtu Financial, Inc. Deferred Compensation Plan, effective November 13, 2020, for 75,000 Restricted Stock Units ("RSUs") granted under the Issuer's Amended and Restated 2015 Management Incentive Plan pursuant to the Amended and Restated Employment Agreement between the Issuer and Douglas A. Cifu and earned as a result of the Issuer's achievement of associated performance objectives for 2022. Each DSU is economically equivalent to one share of Class A common stock. (F5) The DSUs credited under the Deferred Compensation Plan are generally payable in the form elected or provided under the Deferred Compensation Plan on the earlier of: (i) a separation from service, (ii) a specified date, or (iii) a change in control. |