{"schema_version":"secwatch.filing_event.v1","accession":"0000950142-22-003289","form_type":"8-K","ticker":"VIRT","cik":"0001592386","company_name":"Virtu Financial, Inc.","filed_at":"2022-12-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.329439+00:00","generated_at":"2026-06-21T10:15:25.910651+00:00","sec_items":["5.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Virtu Financial amends exec employment pacts; base $600k, 75,000 RSUs/year tied to EBITDA","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950142-22-003289","json":"https://secwatch.observer/filing/0000950142-22-003289.json","markdown":"https://secwatch.observer/filing/0000950142-22-003289.md","text":"https://secwatch.observer/filing/0000950142-22-003289.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1592386/000095014222003289/0000950142-22-003289-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1592386/000095014222003289/eh220307863_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T10:15:25.910651+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"}