Virtu Financial, Inc. — Form 10-Q
Filed July 31, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 28/100
What the filing says
Virtu amended and restated Cindy Lee's employment agreement effective May 1, 2026 through June 30, 2029 (auto-renewing). Base salary: $500,000/year. Special equity award: 20,000 restricted shares/RSUs vesting in three equal annual installments starting June 30, 2026. Severance on termination without cause or for good reason: 12 months' base salary or salary through expiration date (whichever greater); change-of-control severance: 2.5x base salary plus last annual bonus. No material financial impact disclosed beyond equity grant (~$0.5–1.5M at typical valuations, or ~0.01–0.04% of $3.5B market cap).
Why this rating
Routine CFO contract renewal with standard severance. 20,000 RSUs (~0.01% dilution) and $500k salary immaterial to $3.5B company. No strategic or operational change.
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