Virtu Financial enters new CEO employment agreement with Douglas Cifu through 2028

Virtu Financial, Inc.

Base salary increased $200K to $1.2M; target annual bonus raised to $3M (max 200% of target).
Initial term ends Feb 28, 2028, with automatic one-year renewals; extended after change-in-control.
Annual equity grant of 150,000 restricted shares/RSUs tied to EBITDA performance (65% threshold).
Severance: greater of 1x salary or remainder of term; change-in-control provides 2.5x salary plus bonus.
Non-compete and non-solicitation continue until third anniversary of departure.

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