Form 4: Tradeweb Markets Director Steven Berns Reports Acquisition of Restricted Stock Units

Director Steven Berns reports the acquisition of restricted stock units in Tradeweb Markets Inc.

Summary

• On May 20, 2025, Steven Berns, a director of Tradeweb Markets Inc., was awarded 1,271 restricted stock units (RSUs) in respect of the company's Class A common stock.
• These RSUs are scheduled to vest on May 20, 2026, contingent upon Berns' continued service as a director.
• Upon vesting, the RSUs will settle in Class A Common Stock within 30 days.
• The price of the RSUs was $0.
• Berns directly owns 3,664 shares of Class A common stock, including unvested RSUs.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard director compensation practices and aligns director interests with shareholder value. There are no indications of negative performance or concerns.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.
• The vesting schedule incentivizes continued service and commitment from the director.

Risks

• The RSUs are subject to forfeiture if the director ceases to serve on the board before the vesting date.

Future Outlook

The RSUs are scheduled to vest on May 20, 2026, subject to the reporting person's continued service as a director.

Industry Context

This filing is a routine disclosure related to director compensation and aligns with standard practices for publicly traded companies.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity, such as RSUs, to align director interests with shareholder value.
• Vesting schedules for RSUs are typically tied to continued service, which is a common practice across the industry.
• Companies like Intercontinental Exchange (ICE) and CME Group also utilize equity-based compensation for their directors.

Stakeholder Impact

• The award of RSUs aligns the director's interests with those of shareholders, incentivizing value creation.
• The vesting schedule encourages continued service and commitment from the director.

Key Dates

Keywords

Tradeweb Markets, Director, Steven Berns, Restricted Stock Units, RSUs, Class A Common Stock, Beneficial Ownership, Form 4, SEC