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.

Current Market Cap

$3.27B

Number of Employees

993

Total Compensation

2018 - 2023

Trending down by -28.54% last year

Showing total compensation for the last 2018 - 2023

Stock

Down by -3.84% last year

Salary

Up by 0.00% last year

Bonus

Down by -55.00% last year

Other

Down by -97.00% last year

2023 2022 2020 2019 2018 2017 2016 2015

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.

SEC Filing

From April 26, 2024

View SEC Filing

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

Born

March 15, 1971 - 53 years ago

Is Founder?

Yes

Current Tenure

9 years 9 months (Feb 2015 - Present)

Previous Experience

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