Furber Sara 4

What Happened
Sara Furber, Chief Financial Officer of Tradeweb Markets (TW), received restricted stock unit (RSU) awards and related dividend-equivalent shares on March 15, 2026. The filing reports (1) an award of 11,975 RSUs, (2) the settlement of 44 shares from dividend equivalent rights (DERs), and (3) 5,077 shares withheld by the company to satisfy tax withholding obligations — the withheld shares were reported disposed at $124.42 each for a total of $631,680. The RSUs vest in equal annual installments over three years, subject to continued employment.

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (timely filing).
• Grants: 11,975 RSUs awarded (value reported as $0 at grant); 44 shares acquired on settlement of DERs.
• Tax withholding: 5,077 shares withheld/disposed at $124.42 each = $631,680 (code F — tax withholding).
• Vesting: RSU awards generally vest in equal installments on each of the first, second and third anniversaries of March 15, 2026 (see footnotes).
• Shares owned after transaction: not specified in the excerpt; footnotes reference unvested RSU schedules including 3,716; 9,860; and 11,975 RSUs across different vesting schedules.
• Footnotes: F1–F4 explain the RSU vesting schedule, that the 5,077-share disposition was tax withholding, and that 44 shares came from settled DERs.

Context
This was not an open-market purchase or sale by the insider but an equity award settlement plus routine share withholding to cover taxes. RSU grants are common executive compensation and are contingent on continued employment until vesting dates. The 5,077-share disposition is a standard withholding to satisfy tax obligations and should not be read as a directional market bet.