Virtu Financial Management

Management criteria checks 3/4

Virtu Financial's CEO is Doug Cifu, appointed in Nov 2013, has a tenure of 10.5 years. total yearly compensation is $8.25M, comprised of 14.5% salary and 85.5% bonuses, including company stock and options. directly owns 1.66% of the company’s shares, worth €33.74M. The average tenure of the management team and the board of directors is 4.3 years and 8.1 years respectively.

Key information

Doug Cifu

Chief executive officer

US$8.3m

Total compensation

CEO salary percentage	14.5%
CEO tenure	10.5yrs
CEO ownership	1.7%
Management average tenure	4.3yrs
Board average tenure	8.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Doug Cifu's remuneration changed compared to Virtu Financial's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$131m
Dec 31 2023	US$8m	US$1m	US$134m
Sep 30 2023	n/a	n/a	US$156m
Jun 30 2023	n/a	n/a	US$136m
Mar 31 2023	n/a	n/a	US$202m
Dec 31 2022	US$12m	US$1m	US$255m
Sep 30 2022	n/a	n/a	US$329m
Jun 30 2022	n/a	n/a	US$359m
Mar 31 2022	n/a	n/a	US$339m
Dec 31 2021	US$10m	US$1m	US$463m
Sep 30 2021	n/a	n/a	US$472m
Jun 30 2021	n/a	n/a	US$517m
Mar 31 2021	n/a	n/a	US$649m
Dec 31 2020	US$12m	US$1m	US$632m
Sep 30 2020	n/a	n/a	US$504m
Jun 30 2020	n/a	n/a	US$386m
Mar 31 2020	n/a	n/a	US$162m
Dec 31 2019	US$5m	US$1m	-US$61m
Sep 30 2019	n/a	n/a	US$37m
Jun 30 2019	n/a	n/a	US$50m
Mar 31 2019	n/a	n/a	US$105m
Dec 31 2018	US$9m	US$1m	US$284m
Sep 30 2018	n/a	n/a	US$215m
Jun 30 2018	n/a	n/a	US$193m
Mar 31 2018	n/a	n/a	US$169m
Dec 31 2017	US$4m	US$1m	US$2m

Compensation vs Market: Doug's total compensation ($USD8.25M) is above average for companies of similar size in the German market ($USD1.63M).

Compensation vs Earnings: Doug's compensation has been consistent with company performance over the past year.

CEO

Doug Cifu (58 yo)

10.5yrs

Tenure

US$8,251,865

Compensation

Mr. Douglas A. Cifu, J. D., also known as Doug, is the Member of the Board of Director at Investx Asset Management LLC, Asset Management Arm. He serves as Vice Chairman, Partner & Alternate Governor at Flo...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Douglas Cifu	Co-founder	10.5yrs	US$8.25m	1.66% $ 34.1m
Joseph Molluso	Co-President & Co-COO	4yrs	US$3.96m	0.52% $ 10.6m
Brett Fairclough	Co-President & Co-COO	4yrs	US$4.34m	0.11% $ 2.4m
Vincent Viola	Founder & Chairman Emeritus	16.1yrs	no data	0% $ 0
Sean Galvin	Executive VP & CFO	3.8yrs	US$975.00k	0.052% $ 1.1m
Stephen Cavoli	Executive VP of Markets & Global Head of Execution Services	5.3yrs	US$3.81m	0.19% $ 3.9m
Aaron Simons	Executive VP & CTO	4.3yrs	no data	no data
Justin Waldie	Senior VP	no data	no data	no data
Akiko Imai	Global Head of New Sales	3.9yrs	no data	no data
Andrew Smith	Senior VP of Global Business Development & Corporate Strategy	4.3yrs	no data	no data
Kevin O'Connor	Head of Analytics & Workflow Solutions	5.3yrs	no data	no data
Jeffrey Lumby	Head of Virtu Capital Markets	4.5yrs	no data	no data

4.3yrs

Average Tenure

55.5yo

Average Age

Experienced Management: 0VF's management team is considered experienced (4.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Douglas Cifu	Co-founder	10.5yrs	US$8.25m	1.66% $ 34.1m
Vincent Viola	Founder & Chairman Emeritus	16.1yrs	no data	0% $ 0
Virginia Gambale	Independent Director	4.3yrs	US$280.00k	0.023% $ 481.8k
Joseph Grano	Independent Director	6.6yrs	US$285.00k	0.026% $ 542.6k
William Cruger	Independent Director	9.1yrs	US$305.00k	0.063% $ 1.3m
Christopher Quick	Independent Director	8.1yrs	US$295.00k	0.048% $ 983.1k
John Nixon	Independent Director	9yrs	US$335.00k	0.047% $ 973.4k
Joanne Minieri	Independent Director	3.1yrs	US$285.00k	0.025% $ 523.3k
David Urban	Independent Director	5.4yrs	US$280.00k	0.030% $ 608.1k
Michael Viola	Chairman	8.1yrs	US$400.42k	0.12% $ 2.5m

8.1yrs

Average Tenure

65yo

Average Age

Experienced Board: 0VF's board of directors are considered experienced (8.1 years average tenure).

Virtu Financial Management

Management criteria checks 3/4

Key information

Recent management updates

Virtu Financial, Inc., Annual General Meeting, Jun 06, 2024

Virtu Financial, Inc. Announces CFO Transition

Co-founder recently bought €753k worth of stock

Insufficient new directors

Co-President & Co-COO recently sold €884k worth of stock

Insufficient new directors

Recent updates

Virtu Financial, Inc., Annual General Meeting, Jun 06, 2024

First quarter 2024 earnings released: EPS: US$0.63 (vs US$0.56 in 1Q 2023)

Virtu Financial, Inc. Announces CFO Transition

Virtu Financial, Inc. to Report Q1, 2024 Results on Apr 24, 2024

Upcoming dividend of US$0.24 per share

Co-founder recently bought €753k worth of stock

Fourth quarter dividend of US$0.24 announced

Full year 2023 earnings released: EPS: US$1.51 (vs US$2.45 in FY 2022)

Virtu Financial, Inc. Declares Quarterly Cash Dividend, Payable on March 15, 2024

Virtu Financial, Inc. to Report Q4, 2023 Results on Jan 25, 2024

Insufficient new directors

the Virtu Financial, Inc. Declares Quarterly Cash Dividend, Payable on December 15, 2023

Rosen, Skilled Investor Counsel, Announces Lawsuit Against Virtu Financial, Inc

Virtu Financial, Inc. to Report Q3, 2023 Results on Nov 02, 2023

Virtu Financial Provides an Update on Ongoing SEC Matter

Virtu Financial Provides an Update on Ongoing SEC Matter

Upcoming dividend of US$0.24 per share at 5.1% yield

Virtu Financial, Inc. Declares Quarterly Cash Dividend, Payable on September 15, 2023

New minor risk - Profit margin trend

Second quarter 2023 earnings released: EPS: US$0.18 (vs US$0.78 in 2Q 2022)

Virtu Financial, Inc. to Report Q2, 2023 Results on Jul 26, 2023

The Gross Law Firm Notifies Shareholders of Virtu Financial, Inc. of a Class Action Lawsuit

Virtu Financial, Inc. Launches Alert+ to Enhance Automated Block Trading Products

Upcoming dividend of US$0.24 per share at 5.3% yield

Robbins LLP Informs Investors of Class Action Against Virtu Financial, Inc

Investor sentiment deteriorates as stock falls 15%

Co-President & Co-COO recently sold €884k worth of stock

First quarter 2023 earnings released: EPS: US$0.59 (vs US$0.99 in 1Q 2022)

Upcoming dividend of US$0.24 per share at 4.7% yield

Insufficient new directors

Virtu Financial, Inc. Declares Quarterly Cash Dividend, Payable on March 15, 2023

Full year 2022 earnings released: EPS: US$2.55 (vs US$3.95 in FY 2021)

Virtu Financial, Inc. to Report Q4, 2022 Results on Jan 26, 2023

Upcoming dividend of US$0.24 per share

Independent Director recently bought €91k worth of stock

Third quarter 2022 earnings released: EPS: US$0.39 (vs US$0.59 in 3Q 2021)

Virtu Financial, Inc. Declares Quarterly Cash Dividend, Payable on December 15, 2022

Virtu Financial, Inc. to Report Q3, 2022 Results on Nov 03, 2022

Upcoming dividend of US$0.24 per share

Independent Director recently bought €93k worth of stock

Second quarter 2022 earnings released: EPS: US$0.81 (vs US$0.51 in 2Q 2021)

The Virtu Financial, Inc. Declares Quarterly Cash Dividend, Payable on September 15, 2022

Virtu Financial, Inc. to Report Q2, 2022 Results on Jul 28, 2022

Upcoming dividend of US$0.24 per share

Insider recently sold €2.5m worth of stock

Investor sentiment deteriorated over the past week

First quarter 2022 earnings released: EPS: US$0.99 (vs US$1.91 in 1Q 2021)

Virtu Financial, Inc., Annual General Meeting, Jun 02, 2022

Virtu Financial, Inc. to Report Q1, 2022 Results on Apr 28, 2022

Upcoming dividend of US$0.24 per share

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Virtu Financial, Inc. Declares Quarterly Cash Dividend, Payable on March 15, 2022

Upcoming dividend of US$0.24 per share

Third quarter 2021 earnings released: EPS US$0.61 (vs US$0.92 in 3Q 2020)

Upcoming dividend of US$0.24 per share

Independent Director Glenn Hutchins has left the company

Second quarter 2021 earnings released: EPS US$0.53 (vs US$1.59 in 2Q 2020)

Virtu Financial, Inc. Introduces New Matching Rules and Segmentation Logic for US POSIT ATS

Virtu Financial, Inc.(NasdaqGS:VIRT) dropped from Russell 3000E Growth Index

Upcoming dividend of US$0.24 per share

Co-President & Co-COO recently sold €1.2m worth of stock

First quarter 2021 earnings released: EPS US$1.96 (vs US$1.80 in 1Q 2020)

Virtu Financial, Inc. Declares Quarterly Cash Dividend, Payable on June 15, 2021

New 90-day high: €23.80

Virtu Financial, Inc. to Report Q1, 2021 Results on May 04, 2021

Upcoming Dividend of US$0.24 Per Share

Full year 2020 earnings released: EPS US$5.34 (vs US$0.53 loss in FY 2019)

Virtu Analytics Launches Open Intell and Open Python Utilities to Facilitate and Accelerate Buy-Side Data-Driven Decision-Making

New 90-day high: €21.80