Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | VIRT | Class A common stock | Options Exercise | +37.5K | +101.34% | 74.5K | Jan 31, 2024 | Direct | F1 | ||
transaction | VIRT | Class A common stock | Tax liability | -14.3K | -19.21% | 60.2K | Jan 31, 2024 | Direct | F2 | ||
transaction | VIRT | Class A common stock | Options Exercise | +8.5K | +14.12% | 68.7K | Feb 1, 2024 | Direct | F3 | ||
transaction | VIRT | Class A common stock | Tax liability | -3.48K | -5.07% | 65.2K | Feb 1, 2024 | Direct | F2 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | VIRT | Restricted Stock Unit | Award | $0 | +37.5K | +63% | $0.00 | 97K | Jan 31, 2024 | Class A common stock | 37.5K | Direct | F4, F5 | |
transaction | VIRT | Restricted Stock Unit | Options Exercise | $0 | -8.5K | -8.76% | $0.00 | 88.5K | Feb 1, 2024 | Class A common stock | 8.5K | Direct | F6, F7 | |
holding | VIRT | Non-voting common interest units of Virtu Financial LLC | 10.9K | Jan 31, 2024 | Class A common stock | 10.9K | See footnote | F8, F9 |
Id | Content |
---|---|
F1 | 37,500 shares of Class A common stock were earned as a result of the Issuer's achievement of associated performance objective for 2023. The restricted shares are granted under the Issuer's Amended and Restated 2015 Management Incentive pursuant to the Amended and Restated Employment Agreement between the Issuer and Mr. Brett Fairclough. |
F2 | Shares of Class A common stock withheld for tax by the Issuer in accordance with the Issuer's Amended and Restated 2015 Management Incentive Plan. |
F3 | 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. |
F4 | 37,500 RSUs were earned as a result of the Issuer's achievement of associated performance objective for 2023. 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. |
F5 | The RSUs vest on January 31, 2025. |
F6 | 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. |
F7 | The RSUs vested on February 1, 2024. |
F8 | Pursuant to the terms of the Exchange Agreement, effective as of April 15, 2015, by and among the Issuer, Virtu Financial LLC and the equityholders of Virtu Financial LLC (the "Exchange Agreement"), Virtu Financial Units, together with a corresponding number of shares of Class C Common Stock, may be exchanged for shares of Class A common stock of the Issuer, which have one vote per share and economic rights (including rights to dividends and distributions upon liquidation), on a one-for-one basis at the discretion of the holder. The exchange rights under the Exchange Agreement do not expire. |
F9 | By Virtu Employee Holdco LLC, a holding vehicle through which employees and directors of the Issuer hold vested and unvested Virtu Financial Units and shares of Class C Common Stock. The reporting person disclaims beneficial ownership in such Virtu Financial Units and shares held by Virtu Employee Holdco LLC except to the extent of his pecuniary interest therein. |