{"schema_version":"secwatch.filing_event.v1","accession":"0001592386-25-000141","form_type":"8-K","ticker":"VIRT","cik":"0001592386","company_name":"Virtu Financial, Inc.","filed_at":"2025-10-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.857646+00:00","generated_at":"2026-05-17T04:55:55.542436+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Virtu Financial enters new employment agreement with CEO Aaron Simons; base salary doubles to $1.2M","bullets":["New employment agreement effective Sep 30, 2025; term through Aug 1, 2030, with automatic renewals.","Base salary increased from $600K to $1.2M; annual bonus target raised to $3M (max 200% of target).","Sign-on bonus of $7.5M with three-year monthly vesting; repayable on voluntary resignation or termination for cause.","Annual equity grant of 150,000 restricted shares/RSUs tied to EBITDA performance (100% shares earned at 65% achievement).","Severance benefits include base salary for remainder of term, health benefits, and equity acceleration in qualifying terminations."],"urls":{"canonical":"https://secwatch.observer/filing/0001592386-25-000141","json":"https://secwatch.observer/filing/0001592386-25-000141.json","markdown":"https://secwatch.observer/filing/0001592386-25-000141.md","text":"https://secwatch.observer/filing/0001592386-25-000141.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1592386/000159238625000141/0001592386-25-000141-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1592386/000159238625000141/virt-20250930.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T04:55:55.542436+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"}