VIRT · Virtu Financial, Inc. · Executive Compensation

$55.93 -0.32 (-0.57%) At close · Oct 23

S&P 600 member Russell 1000 member Rebalance outlook locked

Market Cap

$8.68B

155.20M

Volume · Oct 23 666.94K Avg daily vol (3M) 1.26M

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2025

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Douglas Cifu	Former CEO	$704,545	—	$6,013,500	—	—	$20,561,573	$27,279,619
Aaron Simons	CEO	$850,000	$1,065,250	$6,246,625	—	$1,065,250	$7,500,000	$16,727,125
Stephen Cavoli	Executive Vice President, Markets	$600,000	$750,000	$4,506,750	—	$750,000	$15,091	$6,621,841
Brett Fairclough	Co-President and Co-Chief Operating Officer	$600,000	$750,000	$4,506,750	—	$750,000	—	$6,606,750
Joseph Molluso	Co-President and Co-Chief Operating Officer	$600,000	$750,000	$4,506,750	—	$750,000	—	$6,606,750
Cindy Lee	Chief Financial Officer	$400,000	$550,000	$2,554,500	—	—	—	$3,504,500

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Douglas Cifu	Former CEO	$1,200,000	$1,500,000	$5,527,500	—	$1,500,000	$135,932	$9,863,432
Brett Fairclough	Co-President and Co-Chief Operating Officer	$600,000	$750,000	$2,763,750	—	$750,000	—	$4,863,750
Stephen Cavoli	Executive Vice President, Markets	$600,000	$750,000	$2,763,750	—	$750,000	—	$4,863,750
Joseph Molluso	Co-President and Co-Chief Operating Officer	$600,000	$750,000	$2,763,750	—	$750,000	—	$4,863,750
Cindy Lee	Chief Financial Officer	$327,083	$466,690	$1,181,110	—	—	—	$1,974,883
Sean P. Galvin	Former Chief Financial Officer	$300,000	$400,020	$199,980	—	—	—	$900,000
Sean Galvin	Former Chief Financial Officer	$300,000	$400,020	$199,980	—	—	—	$900,000

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Douglas Cifu	Chief Executive Officer	$1,200,000	$1,031,250	$4,974,000	—	$1,031,250	$15,365	$8,251,865
Brett Fairclough	Co-President and Co-Chief Operating Officer	$600,000	$475,000	$2,405,750	—	$475,000	$383,814	$4,339,564
Joseph Molluso	Co-President and Co-Chief Operating Officer	$600,000	$475,000	$2,405,750	—	$475,000	—	$3,955,750
Stephen Cavoli	Executive Vice President, Markets	$600,000	$437,500	$2,330,750	—	$437,500	—	$3,805,750
Sean Galvin	Former Chief Financial Officer	$300,000	$450,023	$224,978	—	—	—	$975,000
Sean P. Galvin	Former Chief Financial Officer	$300,000	$450,023	$224,978	—	—	—	$975,000

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Douglas Cifu	Chief Executive Officer	$1,150,000	$1,250,000	$7,889,500	—	$1,250,000	$512,761	$12,052,261
Joseph Molluso	Co-President and Co-Chief Operating Officer	$508,333	$562,500	$2,293,500	—	$562,500	—	$3,926,500
Brett Fairclough	Co-President and Co-Chief Operating Officer	$508,333	$562,500	$2,059,500	—	$562,500	—	$3,692,833
Stephen Cavoli	Executive Vice President, Markets	$508,333	$562,000	$2,059,500	—	$562,500	—	$3,692,833
Sean P. Galvin	Former Chief Financial Officer	$300,000	$480,000	$1,716,350	—	—	—	$2,496,350
Sean Galvin	Former Chief Financial Officer	$300,000	$480,000	$1,716,350	—	—	—	$2,496,350

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Douglas Cifu	Chief Executive Officer	$1,000,000	$500,000	$6,590,500	—	$2,000,000	$16,761	$10,107,261
Joseph Molluso	Co-President and Co-Chief Operating Officer	$500,000	$250,000	$2,418,500	—	$1,000,000	—	$4,168,500
Stephen Cavoli	Executive Vice President, Markets	$500,000	$250,000	$2,184,500	—	$1,000,000	—	$3,934,500
Brett Fairclough	Co-President and Co-Chief Operating Officer	$500,000	$250,000	$2,184,500	—	$1,000,000	—	$3,934,500
Sean Galvin	Chief Financial Officer	$300,000	$540,000	$505,345	—	—	—	$1,200,000
Sean P. Galvin	Chief Financial Officer	$300,000	$540,000	$505,345	—	—	—	$1,200,000

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Douglas Cifu	Chief Executive Officer	$1,000,000	$500,000	$8,759,525	—	$2,000,000	$4,270	$12,263,795
Joseph Molluso	Co-President and Co-Chief Operating Officer	$273,973	$3,750,000	$7,138,500	—	—	—	$11,162,473
Brett Fairclough	Co-President and Co-Chief Operating Officer	$500,000	$250,000	$2,109,500	—	$1,075,000	—	$3,934,500
Stephen Cavoli	Executive Vice President, Markets	$500,000	$250,000	$2,109,500	—	$1,075,000	—	$3,934,500
Alexander Ioffe	Former Chief Financial Officer	$301,370	—	—	—	—	$582,192	$883,562
Sean P. Galvin	Chief Financial Officer	$98,630	$450,000	$300,000	—	—	—	$848,630
Sean Galvin	Chief Financial Officer	$98,630	$450,000	$300,000	—	—	—	$848,630

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Alexander Ioffe	Former Chief Financial Officer	$127,397	$750,000	$3,750,000	—	—	$20,000	$4,647,397
Alex Ioffe	Chief Financial Officer	$127,397	$750,000	$3,750,000	—	—	$20,000	$4,647,397
Douglas Cifu	Chief Executive Officer	$1,000,000	$360,000	$2,100,000	—	$1,040,000	$98,172	$4,598,172
Brett Fairclough	Co-President and Co-Chief Operating Officer	$160,452	$616,000	$924,000	—	—	$419,991	$2,120,443
Stephen Cavoli	Executive Vice President, Markets	$400,000	$520,000	$780,000	—	—	—	$1,700,000
Joseph Molluso	Co-President and Co-Chief Operating Officer	$375,342	—	—	—	—	$1,250,000	$1,625,342
Sean Galvin	Chief Financial Officer	—	—	—	—	—	—	—
Sean P. Galvin	Chief Financial Officer	—	—	—	—	—	—	—

Fiscal 2018

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Douglas Cifu	Chief Executive Officer	$1,000,000	$400,000	$5,298,240	—	$2,000,000	$71,367	$8,769,607
Joseph Molluso	Co-President and Co-Chief Operating Officer	$500,000	$700,000	$4,993,812	—	—	—	$6,193,812
Stephen Cavoli	Executive Vice President, Markets	$400,000	$480,000	$320,000	—	—	—	$1,200,000

Fiscal 2017

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Joseph Molluso	Former Executive Vice President and Chief Financial Officer	$500,000	$700,000	$1,050,000	—	—	—	$2,250,000
Stephen Cavoli	Executive Vice President, Markets	$400,000	$400,000	—	—	—	—	$800,000

Executive changes

Person	Role	Change	Effective	Filed
Barbara Finigan	Class I director	Appointed	2026-08-19	2026-08-21
Douglas A. Cifu	CEO	Retired	2025-08-01	2025-07-31
Aaron Simons	member of the Board	Appointed	2025-08-01	2025-07-31
Aaron Simons	Chief Executive Officer	Appointed	2025-08-01	2025-07-31
Cindy Lee	Chief Financial Officer	Appointed	2024-08-01	2024-04-29
Michael T. Viola	Chairman	Appointed	2023-04-19	2023-04-21
Robert Greifeld	Chairman and member of the Board of Directors	Resigned	2023-04-19	2023-04-21

Leadership

Aaron Simons CEO, Board Member
Michael T. Viola Chairman
Vincent Viola Chairman, Board Member
Alex Ioffe CFO
Cindy Lee CFO
Sean Galvin CFO, Board Member
Brett Fairclough COO
Joseph Molluso COO
Barbara Finigan Board Member
Christopher C. Quick Board Member
David J. Urban Board Member
Joanne M. Minieri Board Member
Joanne Minieri Board Member
John D. Nixon Board Member
Joseph J. Grano Board Member
Virginia Gambale Board Member
William F. Cruger Board Member

Key facts CIK 1592386 CUSIP 928254101 13F (30d) 86 filings 85 filers Visit website Investor relations