{"schema_version":"secwatch.filing_event.v1","accession":"0000950142-22-001532","form_type":"8-K","ticker":"VIRT","cik":"0001592386","company_name":"Virtu Financial, Inc.","filed_at":"2022-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:04:01.357084+00:00","generated_at":"2026-06-26T02:05:00.500466+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Virtu Financial enters new CEO employment agreement with Douglas Cifu through 2028","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950142-22-001532","json":"https://secwatch.observer/filing/0000950142-22-001532.json","markdown":"https://secwatch.observer/filing/0000950142-22-001532.md","text":"https://secwatch.observer/filing/0000950142-22-001532.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1592386/000095014222001532/0000950142-22-001532-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1592386/000095014222001532/eh220248559_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-26T02:05:00.500466+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}