Virtu Financial has entered into an amended and restated employment agreement with Chief Financial Officer, Ms. Cindy Lee, effective June 8, 2026. The new agreement establishes her compensation, including an annual base salary, a special equity award, and updated severance terms.
Key Details
- Compensation: Ms. Lee's annual base salary is set at $500,000, and she is eligible for a discretionary annual bonus.
- Special Equity Award: She will receive a long-term award of 20,000 restricted shares or RSUs, which will vest in three equal annual installments.
- Agreement Term: The agreement has an initial term expiring on June 30, 2029, with automatic one-year renewal periods thereafter.
- Severance & Change in Control: The agreement includes specific severance provisions for a qualifying termination, with enhanced payments (2.5x salary plus bonus) if the termination occurs in connection with a change in control.