Form 4: Tradeweb Markets Inc. Executive Douglas Friedman Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Douglas Friedman, General Counsel and Secretary of Tradeweb Markets Inc., reports transactions involving Class A common stock, including tax withholding, dividend equivalent rights settlement, and restricted stock unit awards.
Summary
- On March 15, 2025, Douglas Friedman, General Counsel and Secretary of Tradeweb Markets Inc., had shares withheld to cover tax obligations related to the settlement of restricted stock units (RSUs).
- A total of 3,196 shares were withheld at a price of $141.57.
- Friedman also acquired 11 shares due to the settlement of dividend equivalent rights (DERs) related to previously awarded RSUs.
- On March 17, 2025, Friedman was awarded 3,631 RSUs that will vest in equal installments over three years.
- Following these transactions, Friedman beneficially owns 29,871 shares of Class A common stock, including unvested RSUs.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Future Outlook
The reporting person's future holdings are subject to continued employment and the vesting schedules of the RSUs.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- Shareholders may be interested in executive stock ownership and compensation details.
Key Dates
| Date | Description |
|---|---|
| 03/15/2025 | Shares withheld for tax obligations and settlement of dividend equivalent rights. |
| 03/17/2025 | Award of restricted stock units. |
| 03/18/2025 | Date of signature for the Form 4 filing. |
| 03/15/2026 | Vesting date for 2,516 unvested RSUs. |
| 01/01/2026 | Vesting date for 13,682 unvested RSUs. |
| 03/15/2026 | First vesting installment for 3,981 unvested RSUs. |
| 03/15/2027 | Second vesting installment for 3,981 unvested RSUs. |
| 03/17/2026 | First vesting installment for 3,631 unvested RSUs. |
| 03/17/2027 | Second vesting installment for 3,631 unvested RSUs. |
| 03/17/2028 | Third vesting installment for 3,631 unvested RSUs. |
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