Friedman Douglas 4
4 · Tradeweb Markets Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Tradeweb (TW) Chief Legal Officer Douglas Friedman Receives RSU Award
What Happened
Douglas Friedman, Chief Legal Officer of Tradeweb Markets (TW), received equity awards on March 15, 2026 consisting of 6,510 restricted stock units (RSUs) and 18 shares issued on settlement of dividend equivalent rights. Simultaneously, 2,306 shares were surrendered/withheld to satisfy tax withholding obligations associated with the RSU settlement (2,306 shares x $124.42 = $286,913). The RSUs were granted at $0 (award).
Key Details
- Transaction date(s): March 15, 2026 (reported on Form 4 filed March 17, 2026). Filing appears timely (filed two days after the transaction).
- Grants/Acquisitions (code A): 6,510 RSUs @ $0.00; 18 shares @ $0.00.
- Disposal for tax withholding (code F): 2,306 shares withheld @ $124.42, total value $286,913.
- Shares owned after transaction: not specified in the filing.
- Notable footnotes:
- F1/F2: The 6,510 RSUs are restricted stock units that vest in scheduled installments over the next three years, subject to continued employment. Other unvested RSU schedules are detailed in the filing.
- F3: The 2,306-share disposal represents shares withheld to satisfy tax withholding on RSU settlement (routine).
- F4: The 18 shares represent settlement of dividend equivalent rights related to previously awarded RSUs.
Context
This was not an open-market purchase or a sale for investment — it was an equity award (RSUs) with a routine share-withholding to satisfy taxes. Awards and tax-withholding transactions are common in executive compensation and do not by themselves indicate a buy/sell view of the stock.
Insider Transaction Report
- Award
Class A common stock
[F1][F2]2026-03-15+6,510→ 19,638 total - Tax Payment
Class A common stock
[F3][F2]2026-03-15$124.42/sh−2,306$286,913→ 17,332 total - Award
Class A common stock
[F4][F2]2026-03-15+18→ 17,350 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) 1,990 unvested RSUs in respect of Class A Common Stock that are scheduled to vest on March 15, 2027, (ii) 3,631 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) 6,510 unvested RSUs in respect of Class A Common Stock that are scheduled to vest 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.