Virtu Financial amends CEO Aaron Simons' employment agreement, raising base salary to $1.2 million
Virtu Financial entered a new employment agreement with CEO Aaron Simons, effective September 30, 2025, that runs through August 1, 2030 and raises his base salary from $600,000 to $1,200,000. The agreement also increases his target bonus to $3,000,000 and provides a $7,500,000 sign-on bonus, with larger severance terms if his employment ends without cause or after a change in control.
Key points
- Base salary increased from $600,000 to $1,200,000; target bonus raised from $2,000,000 to $3,000,000, with a maximum of 200% of target
- Sign-on bonus of $7,500,000, repayable on a pro-rated basis if Simons resigns without good reason within three years
- Annual equity grant intended at 150,000 restricted shares or RSUs, tied to percentage of budgeted EBITDA achieved
- Initial term ends August 1, 2030; severance is the greater of one times base salary or remaining term salary, and two and a half times salary plus bonus after a change in control
The filing
Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 02, 2025.
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