Virtu Financial Announces New Employment Agreement and $7.5 Million Sign-On Bonus for CEO Aaron Simons
Virtu Financial Inc. has announced a new amended and restated employment agreement with Chief Executive Officer Aaron Simons, effective September 30, 2025. The agreement updates Simons' duties to reflect his appointment as CEO as of August 1, 2025, and extends his role at Virtu Financial Operating LLC. Under the new terms, if Simons' employment ends under certain conditions-including termination without cause, death, disability, resignation for good reason, or non-renewal-he will receive severance pay equal to the greater of one times his base salary or the total amount specified in the agreement, in addition to accrued amounts. The agreement also includes provisions for the company to cover legal fees and expenses incurred by Simons in connection with disputes over the agreement, particularly in the event of a change in control.
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