Molluso Joseph 4

What Happened

• Joseph Molluso, Co‑President and Co‑Chief Operating Officer of Virtu Financial (VIRT), reported vesting/settlement and conversion of restricted stock units (RSUs) and related derivative units on Feb 3–4, 2026. The filing lists award/settlement entries of 15,062 and 22,593 shares (total 37,655) and conversion/exercise entries of 11,588 and 7,531 shares (total 19,119). The issuer withheld 6,409 and 8,330 shares (total 14,739) to satisfy tax obligations. Many of the derivative/settlement entries show $0.00 price — these were internal settlements/crediting of units, not open‑market purchases or sales.

Key Details

• Transaction dates: Feb 3, 2026 and Feb 4, 2026 (Form 4 filed Feb 5, 2026 — timely within the usual two‑business‑day window).
• Reported prices: $0.00 on several derivative/conversion entries (indicates issuance/settlement, not a cash market trade).
• Shares reported as granted/settled: 15,062 and 22,593 (reported award/grant entries); conversions/exercises reported as 11,588 and 7,531.
• Shares withheld for taxes (payment of tax liability): 6,409 and 8,330 (total 14,739) per issuer withholding (code F).
• Footnotes: RSUs granted under Virtu’s 2015 Management Incentive Plan; some RSUs vested Feb 3 and Feb 4, some were previously deferred and credited as Deferred Stock Units (DSUs) under the company’s Deferred Compensation Plan. DSUs are generally payable on separation, a specified date, or change in control.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Transaction codes explained: M = exercise/conversion of derivative (RSU/DSU conversion), A = award/grant, F = shares withheld to satisfy tax liabilities.

Context

• These entries reflect vested RSUs being settled/converted and tax withholding — common executive compensation activity and not an open‑market buy or sell. Because many items are internal conversions or DSU credits at $0.00, they do not directly signal buying or selling interest in the open market. Tax‑withholding (shares surrendered to cover taxes) is routine following vesting.