Form 4: Tradeweb CFO Sara Furber Reports Changes in Beneficial Ownership
SEC Form 4
Sara Furber, CFO of Tradeweb Markets Inc., reports changes in her beneficial ownership of Class A common stock due to tax withholding and dividend equivalent rights settlement.
Summary
- On April 1, 2024, Sara Furber, CFO of Tradeweb Markets Inc., reported changes in her beneficial ownership of the company's Class A common stock.
- 2,526 shares were withheld by the issuer to cover tax obligations related to the settlement of restricted stock units (RSUs) at a price of $103.54.
- Furber also acquired 20 shares of Class A common stock due to the settlement of dividend equivalent rights (DERs) associated with previously awarded RSUs.
- Following these transactions, Furber's total beneficial ownership stands at 96,617 shares.
- This total includes various tranches of unvested RSUs scheduled to vest between March 2025 and March 2027, contingent upon continued employment.
Sentiment
Score: 5
Explanation: This is a routine filing, reflecting standard compensation practices and tax obligations. It doesn't indicate a particularly positive or negative outlook.
Positives
- The acquisition of shares through dividend equivalent rights indicates a return of value to the reporting person.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction (tax withholding and DER settlement) |
| 04/02/2024 | Date of signature by Attorney-in-Fact |
| 03/31/2025 | Vesting date for 3,619 unvested RSUs |
| 03/15/2025 | Vesting date for 4,577 unvested RSUs |
| 01/01/2025 | Vesting date for 17,741 unvested RSUs |
| 03/15/2025 | First vesting installment date for 12,459 unvested RSUs |
| 03/15/2026 | Second vesting installment date for 12,459 unvested RSUs |
| 01/01/2026 | Vesting date for 33,881 unvested RSUs |
| 03/15/2025 | First vesting installment date for 11,147 unvested RSUs |
| 03/15/2026 | Second vesting installment date for 11,147 unvested RSUs |
| 03/15/2027 | Third vesting installment date for 11,147 unvested RSUs |
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