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Asset Management

Virtu Financial Executive Compensation (FY25)

VIRT · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Aaron Simons
Median of the other named officers
$6,606,750
5 officers, excluding the chief executive
Latest say-on-pay support
=
June 10, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 22, 2026Latest filing (8-K): June 10, 2026
13 filings cited on this page
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267 figures on this page: 259 cited to the filing that reported them, 8 calculated from figures it prints. See the citations

More on Virtu Financial

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive of record: Douglas Cifu → Aaron Simons
CEO pay ratio: 34:1 → 54:1 (58.8% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Virtu Financial's chief executive and what were they paid?
Aaron Simons, Chief Executive Officer, received $16,727,125 in total compensation for fiscal 2025.
What was Virtu Financial's say-on-pay result?
The say-on-pay proposal drew 98.8% support at the meeting held June 10, 2026 for fiscal 2025.
What is Virtu Financial's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 54:1, against median employee compensation of $310,000.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Douglas Cifu
Chief Executive Officer
◇◇◇—◇—◇◇
Joseph Molluso
Co-President and Co-Chief Operating Officer
◇◇◇—◇——— not reconciled
Brett Fairclough
Co-President and Co-Chief Operating Officer
◇—◇—◇—◇◇
Stephen Cavoli
Executive Vice President, Markets
◇◇◇—◇——— not reconciled
Sean Galvin
Chief Financial Officer
◇◇◇————◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Douglas Cifu
Former Chief Executive Officer
◇◇◇—◇—◇◇
Brett Fairclough
Co-President and Co-Chief Operating Officer
◇◇◇—◇—◇◇
Joseph Molluso
Co-President and Co-Chief Operating Officer
◇◇◇—◇——◇
Stephen Cavoli
Executive Vice President, Markets
◇◇◇—◇——◇
Sean Galvin
Executive Vice President and Chief Financial Officer
◇◇◇————◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Douglas Cifu
Former Chief Executive Officer
◇◇◇—◇—◇◇
Joseph Molluso
Co-President and Co-Chief Operating Officer
◇◇◇—◇——◇
Stephen Cavoli
Executive Vice President, Markets
◇◇◇—◇——◇
Brett Fairclough
Co-President and Co-Chief Operating Officer
◇◇◇—◇——◇
Cindy Lee
Executive Vice President and Chief Financial Officer
◇◇◇————◇
Sean Galvin
Former Executive Vice President and Chief Financial Officer
Departed during or after this year
◇◇◇————◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Douglas Cifu
Former Chief Executive Officer
Departed during or after this year
◇—◇———◇◇
Aaron Simons
Chief Executive Officer
◇◇◇—◇—◇◇
Stephen Cavoli
Executive Vice President, Markets
◇◇◇—◇—◇◇
Brett Fairclough
Co-President and Co-Chief Operating Officer
◇◇◇—◇——◇
Joseph Molluso
Co-President and Co-Chief Operating Officer
◇◇◇—◇——◇
Cindy Lee
Executive Vice President and Chief Financial Officer
◇◇◇————◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Aaron SimonsPSU◇———◇—◇
Aaron SimonsPSU◇———◇—◇
Brett FaircloughPSU◇———◇—◇
Cindy LeeRSU———◇——◇
Douglas A. CifuPSU◇———◇—◇
Joseph MollusoPSU◇———◇—◇
Stephen CavoliPSU◇———◇—◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Aaron SimonsRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Brett FaircloughRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Joseph MollusoRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Douglas CifuRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Cindy LeeRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Stephen CavoliRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Aaron Simons
Chief Executive Officer · Employment agreement
Severance multiple◇
Severance base◇
Brett Fairclough
Co-President and Co-Chief Operating Officer · Employment agreement
Severance multiple◇
Severance base◇
Joseph Molluso
Co-President and Co-Chief Operating Officer · Employment agreement · citing a 2023 filing
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Stephen Cavoli
Executive Vice President, Markets · Employment agreement
Severance multiple◇
Severance base◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael T. Viola
Board chair
◇◇————◇
John D. Nixon
◇◇————◇
William F. Cruger Jr
◇◇————◇
Christopher C. Quick
◇◇————◇
Joseph J. Grano Jr
◇◇————◇
Joanne M. Minieri
◇◇————◇
David Urban
◇◇————◇
Virginia Gambale
◇◇————◇
Douglas A. Cifu, Vincent Viola and Aaron Simons served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2024
  • Name and Position symbol not shown

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 10, 2026=◇◇◇
2024June 2, 2025=◇◇◇
2023June 6, 2024=◇◇◇
2022June 13, 2023=◇◇◇
2021June 2, 2022=◇◇◇
2020June 3, 2021=◇◇◇
2019June 5, 2020=◇◇◇
2018June 4, 2019=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Aaron Simons (Chief Executive Officer), FY2025 total compensation $16,727,125 (base salary $850,000) [exec_comp, SEC accession 0001104659-26-051774, filed 2026-04-29]

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What this page does not include

Everything above is a fact Virtu Financial disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Virtu Financial sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
267 figures on this page: 259 cited to the filing that reported them, 8 calculated from figures it prints.
259 cited to the filing
8 calculated from the filing

Documents cited

  1. 0001104659-26-072331
    Item 5.07. Submission of Matters to a Vote of Security Holders.
  2. 0001104659-26-051774
    CEO PAY RATIO DISCLOSURE · COMPENSATION OF DIRECTORS · POTENTIAL PAYMENTS UPON TERMINATION
  3. 0001592386-25-000091
    ITEM 5.07 Submission of Matters to a Vote of Security Holders.
  4. 0001104659-25-037735
    SUMMARY COMPENSATION TABLE
  5. 0001592386-24-000056
    ITEM 5.07 Submission of Matters to a Vote of Security Holders.
  6. 0001104659-24-052953
    SUMMARY COMPENSATION TABLE
  7. 0001104659-23-071275
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001104659-23-051402
  9. 0000950142-22-001831
  10. 0001104659-21-077073
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0000950142-20-001532
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0000950142-19-001282
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001592386-23-000025
    EX-10.27
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Virtu Financial executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/VIRT (accessed 2026).
Short form: data: Velarion

The paid brief for Virtu Financial

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
13 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Asset Management rankings

Chief executive pay — Asset ManagementCEO pay ratio — Asset ManagementSay-on-pay support — Asset Management

Terms on this page

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Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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