Douglas Friedman - Mar 15, 2024 Form 4 Insider Report for Tradeweb Markets Inc. (TW)

Role
General Counsel and Secretary
Signature
/s/ Douglas Friedman
Stock symbol
TW
Transactions as of
Mar 15, 2024
Transactions value $
-$316,443
Form type
4
Date filed
3/19/2024, 06:53 PM
Previous filing
Feb 27, 2024
Next filing
May 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TW Class A common stock Award $0 +5.97K +16.51% $0.00 42.1K Mar 15, 2024 Direct F1, F2
transaction TW Class A common stock Tax liability -$316K -3.05K -7.23% $103.82 39.1K Mar 18, 2024 Direct F2, F3
transaction TW Class A common stock Award $0 +35 +0.09% $0.00 39.1K Mar 18, 2024 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported transaction is an award of restricted stock units ("RSUs") in respect of the issuer's Class A common stock ("Class A Common Stock"). Subject to the reporting person's continued employment through the applicable vesting date, these RSUs are scheduled to vest in equal installments on each of the first, second and third anniversaries of March 15, 2024.
F2 This amount includes (i) 1,741 unvested RSUs in respect of Class A Common Stock which are scheduled to vest on March 15, 2025, (ii) 6,749 unvested RSUs in respect of Class A Common Stock that are scheduled to vest on January 1, 2025, (iii) 5,031 unvested RSUs in respect of Class A Common Stock which are scheduled to vest in equal installments on March 15, 2025 and March 15, 2026, (iv) 13,682 unvested RSUs in respect of Class A Common Stock which are scheduled to vest on January 1, 2026, and (v) 5,971 unvested RSUs in respect of Class A Common Stock which are scheduled to vest in equal installments on March 15, 2025, March 15, 2026 and March 15, 2027, in each case subject to the reporting person's continued employment through the applicable vesting date.
F3 Represents shares withheld by the issuer to satisfy the tax withholding obligation associated with the settlement of RSUs in respect of of Class A Common Stock held by the reporting person.
F4 Represents shares of Class A Common Stock acquired in connection with the settlement of certain dividend equivalent rights (the "DERs"). The DERs were granted in connection with previously awarded RSUs, and settled in shares of Class A Common Stock in connection with the settlement of the RSUs to which they relate.