Joseph Molluso - 03 Feb 2022 Form 4 Insider Report for Virtu Financial, Inc. (VIRT)

Signature
Justin Waldie, as Attorney-in-Fact
Issuer symbol
VIRT
Transactions as of
03 Feb 2022
Net transactions value
$0
Form type
4
Filing time
07 Feb 2022, 20:42:26 UTC
Previous filing
03 Feb 2022
Next filing
26 Jan 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VIRT Deferred Stock Unit Award $0 +16,262 $0.000000 16,262 03 Feb 2022 Class A common stock 16,262 Direct F1, F2
transaction VIRT Restricted Stock Unit Award $0 +24,391 +29% $0.000000 109,141 03 Feb 2022 Class A common stock 24,391 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Deferred Stock Units ("DSU") credited to the reporting person under the Virtu Financial, Inc. Deferred Compensation Plan, effective November 13, 2020, for 16,262 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.
F2 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.
F3 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.
F4 The RSUs vest in three equal installments on February 3, 2023, February 3, 2024, and February 3, 2025.
F5 66,666 of the RSUs vest on January 24, 2023. 18,084 of the RSUs vest in two equal installments on February 1, 2023 and February 1, 2024.