Virtu Financial amends exec employment pacts; base $600k, 75,000 RSUs/year tied to EBITDA

Virtu Financial, Inc.

Executives Fairclough, Molluso, Cavoli get $600k salary, $2M target/$3M max bonus, 50% quantitative/50% qualitative.
Annual equity grant of 75,000 RSUs earned based on budgeted EBITDA; 100% earned at ≥65% achievement.
Severance: without cause/death/disability/good reason: 1× salary or through term, plus benefits and equity acceleration.
Change-in-control severance: 2.5× salary plus most recent annual bonus, 24-month benefits, full equity acceleration.
Amendment also aligns Cifu's 2022 performance-based equity award with same EBITDA target.

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