Bruni Enrico 4

What Happened

• Enrico Bruni, MD and Co‑Head of Global Markets at Tradeweb Markets (TW), was granted restricted stock units (RSUs) and related dividend-equivalent shares on March 15, 2026. The filing shows awards of 11,752 RSUs (acquired at $0.00) and 44 shares from settlement of dividend equivalent rights. To satisfy tax withholding tied to those settlements, 4,376 shares were withheld / disposed at $124.42 per share, generating proceeds of $544,462. These transactions reflect awards and routine tax withholding rather than an open‑market purchase or sale for investment.

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (appears timely).
• Awards: 11,752 RSUs granted (recorded at $0.00); 44 shares from DER settlement.
• Tax withholding: 4,376 shares withheld/disposed at $124.42 each, total $544,462.
• Shares owned after transaction: not specified in the filing.
• Relevant footnotes:
  • F1/F2: The RSUs are unvested and subject to multi‑year vesting schedules (vesting in equal/installment tranches between 2026–2029, subject to continued employment).
  • F3: The 4,376 shares represent shares withheld to satisfy tax withholding on RSU settlement.
  • F4: The 44 shares were settlement of dividend equivalent rights tied to prior RSUs.

Context

• This is an equity award event (RSUs and DER settlement) with routine tax‑related withholding — common when RSUs settle. It does not indicate an open‑market sale for investment purposes. The vesting schedules mean these shares are subject to future vesting dates; the withheld shares were used solely to meet tax obligations.