Virtu Financial CEO Douglas Cifu's 2020 pay jumps 167% to $12M
Virtu Financial reports 2020 executive compensation
By ExecPay News
Published: April 23, 2021
Virtu Financial reported fiscal year 2020 executive compensation information on April 23, 2021.
In 2020, six executives at Virtu Financial received on average a compensation package of $5.5M, a 71% increase compared to previous year.
Average pay of disclosed executives at Virtu Financial
Douglas A. Cifu, Chief Executive Officer, received $12M in total, which increased by 167% compared to 2019. 71% of Cifu's compensation, or $8.8M, was in stock awards. Cifu also received $500K in bonus, $2M in non-equity incentive plan, $1M in salary, as well as $4.3K in other compensation.
Joseph Molluso, Chief Operating Officer, received a compensation package of $11M, which increased by 587% compared to previous year. 64% of the compensation package, or $7.1M, was in stock awards.
Brett Fairclough, Chief Operating Officer, earned $3.9M in 2020, a 86% increase compared to previous year.
Stephen Cavoli, Executive Vice President, Markets, received $3.9M in 2020, which increases by 131% compared to 2019.
Alexander M. Ioffe, Chief Financial Officer, earned $884K in 2020, a 81% decrease compared to previous year.
Sean Galvin, Chief Financial Officer, received $849K in 2020.
Related executives
Douglas Cifu
Virtu Financial
Chief Executive Officer
Joseph Molluso
Virtu Financial
Chief Operating Officer
Brett Fairclough
Virtu Financial
Chief Operating Officer
Sean Galvin
Virtu Financial
Chief Financial Officer
Stephen Cavoli
Virtu Financial
Executive Vice President, Markets
Alexander Ioffe
Virtu Financial
Chief Financial Officer
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Source: SEC filing on April 23, 2021.