Hult William 4

4 · Tradeweb Markets Inc. · Filed Mar 17, 2026

AI-generated summary of this filing

Updated Mar 17, 2026

Tradeweb (TW) CEO William Hult Receives RSU Awards; Shares Withheld

What Happened

William Hult, CEO of Tradeweb Markets (TW), was granted restricted stock units (RSUs) and received a small number of shares from settled dividend equivalents, while 14,408 shares were withheld/sold to satisfy tax withholding. Transactions reported for March 15, 2026 include:
- Award (A): 37,507 RSUs acquired @ $0.00 (grant)
- Award (A): 104 shares acquired @ $0.00 (settlement of dividend equivalent rights)
- Tax withholding (F): 14,408 shares disposed @ $124.42 for proceeds of $1,792,643 (shares withheld to satisfy tax obligations)

Key Details

Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (filed timely within the usual two-business-day window).
Prices/values: withheld/disposed shares sold at $124.42 each for total proceeds of $1,792,643; RSUs and DER shares reported at $0.00 (awards/settlements).
Shares owned after transaction: not specified in the provided filing excerpt.
Notable footnotes:
- F1: The RSUs are scheduled to vest in equal installments on each of the first, second and third anniversaries of March 15, 2026, subject to continued employment.
- F2: The filing notes additional unvested RSU tranches (e.g., 11,678; 30,682; 37,507) with various multi-year vest schedules—see filing for exact vesting dates.
- F3: The 14,408-share disposal represents shares withheld to satisfy tax withholding on RSU settlement (common practice).
- F4: The 104 shares reflect settlement of dividend equivalent rights tied to earlier RSUs.
Transaction codes explained: A = Award/grant; F = Tax withholding (disposition) — not an open-market sale initiated for liquidity.

Context

These transactions reflect equity compensation settlement (RSUs and dividend equivalents) rather than an open-market purchase or a voluntary open-market sale for cash. Withholding shares to cover taxes is routine and does not necessarily indicate buying or selling intent.
RSUs typically vest over multiple years; recipients receive shares as they vest. The filing shows multi-year vest schedules for the grants, so much of the granted equity remains unvested and contingent on continued employment.

Form 4

Period: 2026-03-15

DirectorChief Executive Officer

Transactions

Award
Class A common stock
[F1][F2]
2026-03-15+37,507→ 164,245 total
Tax Payment
Class A common stock
[F3][F2]
2026-03-15$124.42/sh−14,408$1,792,643→ 149,837 total
Award
Class A common stock
[F4][F2]
2026-03-15+104→ 149,941 total

Footnotes (4)

[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, 2026.
[F2]This amount includes (i) 11,678 unvested RSUs in respect of the Class A Common Stock that are scheduled to vest on March 15, 2027, (ii) 30,682 unvested RSUs in respect of Class A Common Stock that are scheduled to vest in equal installments on March 17, 2026, March 17, 2027 and March 17, 2028 and (iii) 37,507 unvested RSUs in respect of the Class A Common Stock that are scheduled to vest in equal installments on March 15, 2027, March 15, 2028 and March 15, 2029, 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 the 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.

Signature

/s/ Douglas Friedman, Attorney-in-Fact for William Hult|2026-03-17

1 file