Virtu Financial 8-K

Summary

CFO compensation agreement amended on 6/8/2026. Cindy Lee’s annual base salary is $0.5M, with eligibility for a discretionary annual bonus, and she will receive a special award of 20,000 restricted shares or restricted stock units vesting in three equal annual installments. The agreement’s initial term runs through 6/30/2029, with automatic one-year renewals unless either party gives at least 90 days’ notice of non-renewal.

Key Figures

• On a qualifying termination, severance is the greater of one year of base salary or base salary through the end of the agreement’s term; continued health, dental, vision and life insurance benefits last 12 months or through the remainder of the term, whichever is longer. Equity acceleration includes a pro rata portion of the next scheduled award installment plus the full next installment, if any.
• For a qualifying termination tied to a change in control, severance is 2.5 times base salary plus the most recently awarded annual bonus for a completed fiscal year; benefit continuation is 24 months or through the remainder of the term, whichever is longer.
• Lee remains subject to confidentiality and non-disparagement restrictions and restrictions on competing with or soliciting or hiring employees, consultants or members of the company and its affiliates during employment and for 12 months afterward.