Douglas A. Cifu has been the CEO of Virtu Financial, Inc. since 2015. He holds a Bachelor's degree from the University of Florida and a Juris Doctor from the University of Miami, giving him a solid education in finance and...

Douglas A. Cifu has been the CEO of Virtu Financial, Inc. since 2015. He holds a Bachelor's degree from the University of Florida and a Juris Doctor from the University of Miami, giving him a solid education in finance and law. Under his leadership, the company has seen significant growth, and his decisions are driven by strong performance metrics related to budgeting and trading income. In 2023, his total compensation was about $8.25 million, which includes a base salary of $1.2 million and performance bonuses based on specific goals.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

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Douglas A. Cifu

Founder and CEO of Virtu Financial

Education

B.A. from the University of Florida; J.D. from the University of Miami.

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

March 15, 1971 - 54 years ago

CEO of Virtu Financial for

10 years 2 months (Feb 2015 - Present)

Previous Experience

Chief Executive Officer of Virtu Financial, Inc. since its founding; prior roles at various financial institutions.

Rivals

Competitors/colleagues of Douglas A. Cifu

Holdings

See how much did Douglas A. Cifu make over time.

Douglas Cifu's wealth is significantly tied to his holdings in Virtu Financial. In recent years, he has seen substantial fluctuations in his stock portfolio, with a peak marked by the vesting of over 870,000 shares in 2020 alone, valued at...

Douglas Cifu's wealth is significantly tied to his holdings in Virtu Financial. In recent years, he has seen substantial fluctuations in his stock portfolio, with a peak marked by the vesting of over 870,000 shares in 2020 alone, valued at around $8.76 million at the time. His recent holdings include about 150,000 shares of restricted stock units, with a market value of approximately $3 million. This connection to his company's performance highlights how aligned his interests are with those of investors, especially in a fast-paced trading environment.

Insider Trading

See recent insider trades of Douglas A. Cifu.

No insider trades found for this CEO.

Compensation History

See how much did Douglas A. Cifu make over time.

In terms of compensation, Cifu's financial package reflects a mix of salary, performance bonuses, and stock awards. In 2023, he earned $1.2 million as a base salary, alongside a $2.25 million bonus based on quantitative and qualitative performance goals. He also vested in approximately 262,000 shares worth about $5.2 million, showcasing the company's commitment to linking executive pay to performance. His 2022 pay showed similar patterns, with a total of $12 million including a substantial bonus of $5 million, illustrating a focus on results and accountability at Virtu Financial.

Year

2023

Total Compensation

$8.65M

Salary

$1.20M

Board Justification

The compensation philosophy aims to attract, retain, and motivate high-quality executives, aligning their interests with those of stockholders through performance-based incentives.

Bonus

$2.25M

Board Justification

50% of the annual bonus was based on the achievement of select quantitative goals and 50% based on the achievement of qualitative goals. Mr. Cifu earned 85% of the maximum performance-based portion of his annual bonus and 105% of the target qualitative portion.

Other

$15.37K

Board Justification

This amount represents the cost of providing transportation services to Mr. Cifu for fiscal year 2023.

Restricted Stock

$5.18M(262.69K RSU)

Board Justification

The stock awards that vested in 2023 include 262,690 shares of restricted stock units (RSUs) that were earned based on performance metrics related to budgeted adjusted EBITDA.

Performance Metrics

The performance metrics include budgeted daily adjusted net trading income (ANTI) and adjusted EBITDA.