Smirl Richard W 4
4 · VIRTUS INVESTMENT PARTNERS, INC. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
VRTS COO Richard W. Smirl Receives RSU Award; Shares Withheld
What Happened
Richard W. Smirl, Chief Operating Officer of Virtus Investment Partners (VRTS), was granted 5,155 restricted stock units (RSUs) on 2026-03-13 at a reported value of $126.11 per share (total $650,097). On the same date 1,121 shares (at $126.11, $141,369) were disposed to the issuer to satisfy tax withholding obligations related to previously vested RSUs.
Key Details
- Transaction date: 2026-03-13. Report filed: 2026-03-17 (timely filing).
- Grant: 5,155 RSUs @ $126.11 — aggregate value $650,097 (code A — award/acquisition).
- Tax withholding: 1,121 shares @ $126.11 — proceeds $141,369 (code F — disposition to issuer to cover taxes).
- Shares owned after transaction: 8,360.7856 shares (per footnote), which includes vested ESPP shares and several tranches of unvested RSUs.
- Footnotes:
- F1: The 1,121-share disposition was an exempt transfer to the issuer under Rule 16b-3(e) to satisfy tax withholding for vested RSUs.
- F2: The 5,155 shares are RSUs granted under the 2026 Long Term Incentive Plan, scheduled to vest ratably over the next three years and settle one-for-one in common stock (subject to acceleration in certain cases).
- F3: The post-transaction ownership figure includes 560.7856 ESPP shares and RSU tranches of 3,401 (vesting 3/15/2027), 2,680 (3/15/2028) and 1,719 (3/15/2029).
Context
This filing reflects a standard equity award (RSUs) to an executive and routine tax-withholding via share surrender to the company — common in compensation settlements and not an open-market sale or purchase. The RSUs are unvested and will convert to shares over time per the vesting schedule.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-13$126.11/sh−1,121$141,369→ 12,025.97 total - Award
Common Stock
[F2][F3]2026-03-13$126.11/sh+5,155$650,097→ 17,297.781 total
Footnotes (3)
- [F1]Exempt disposition to the Issuer under Rule 16b-3(e) to satisfy tax withholding obligations arising out of the vesting of restricted stock units ("RSUs") granted to the Reporting Person pursuant to the Company's 2023, 2024 and 2025 Long Term Incentive Plans, previously reported and settled with shares by the Reporting Person.
- [F2]These shares comprise an award of RSUs granted to the Reporting Person pursuant to the Company's 2026 Long Term Incentive Plan. Subject to acceleration in certain circumstances, the RSUs are scheduled to vest ratably over the next three years and will be settled for shares of common stock on a one-for-one basis upon vesting.
- [F3]This number includes (i) 560.7856 shares acquired in connection with the Issuer's Employee Stock Purchase Plan, (ii) 3,401 RSUs that are scheduled to vest on March 15, 2027, (iii) 2,680 RSUs that are scheduled to vest on March 15, 2028, and (iv) 1,719 RSUs that are scheduled to vest on March 15, 2029.