Lee Olesky - 24 Feb 2023 Form 4 Insider Report for Tradeweb Markets Inc. (TW)

Role
Director
Signature
/s/ Scott Zucker, Attorney-in-Fact for Lee Olesky
Issuer symbol
TW
Transactions as of
24 Feb 2023
Net transactions value
$0
Form type
4
Filing time
28 Feb 2023, 15:10:50 UTC
Previous filing
09 Jan 2023
Next filing
20 Mar 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TW Class A common stock Award $0 +37,336 +14% $0.000000 303,715 24 Feb 2023 Direct F1, F2
holding TW Class A common stock 20,000 24 Feb 2023 See footnote F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported transaction reflects the acquisition of performance-based restricted stock units ("RSUs") in respect of the issuer's Class A common stock ("Class A Common Stock") that were granted to the reporting person on March 15, 2022, subject to the achievement of certain performance goals in respect of calendar year 2022. The level of achievement of those performance goals was determined on February 24, 2023. These RSUs remain unvested and are scheduled to vest on January 1, 2025. Mr. Olesky retired as CEO effective as of 12/31/22. The award will vest in accordance with its vesting terms per the retirement provisions of the grant agreement.
F2 Includes (i) 17,151 RSUs in respect of Class A Common Stock scheduled to vest on March 17, 2023, (ii) 19,777 unvested RSUs in respect of Class A Common Stock scheduled to vest in equal amounts on March 15, 2023 and March 15, 2024, (iii) 59,330 unvested RSUs in respect of Class A Common Stock scheduled to vest on January 1, 2024, (iv) 31,000 unvested RSUs in respect of Class A Common Stock scheduled to vest in equal amounts on March 15, 2023, March 15, 2024 and March 15, 2025, (vi) 85,656 unvested RSUs in respect of Class A Common Stock scheduled to vest in equal amounts on January 1, 2024, January 1, 2025 and January 1, 2026, (vii) 4,620 unvested RSUs in respect of Class A Common Stock scheduled to vest on January 1, 2024 and (vii) 37,336 unvested RSUs in respect of Class A Common Stock scheduled to vest on January 1, 2025. Mr. Olesky retired as CEO effective as of 12/31/22. Each award will vest in accordance with its vesting terms per the retirement provisions of each grant agreement.
F3 The reporting person owns these securities through The Lee Olesky 2019 Family Trust U/A/D March 21, 2019 ("The Family Trust"). The reporting person and his wife, as the co-trustees of The Family Trust, share the power to vote and invest the securities, but each disclaims beneficial ownership of such securities except to the extent of his or her pecuniary interest therein.