other material
confidence high
sentiment neutral
materiality 0.55
Virtu Financial amends CFO Cindy Lee's employment agreement with $500K salary and equity award
Virtu Financial, Inc.
- Annual base salary set at $500,000; eligible for discretionary annual bonus.
- Special long-term equity award of 20,000 restricted shares or RSUs, vesting in three equal annual installments.
- Initial term through June 30, 2029, with automatic one-year renewals unless notice of non-renewal.
- Severance equal to greater of one times base salary or remaining salary through term; on change-in-control, 2.5x base plus most recent bonus.
- Restrictive covenants include confidentiality, non-disparagement, and 12-month non-compete and non-solicit.