Furber Sara 4
4 · Tradeweb Markets Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Tradeweb (TW) CFO Sara Furber Receives RSU Award; Shares Withheld
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.
Insider Transaction Report
- Award
Class A common stock
[F1][F2]2026-03-15+11,975→ 35,495 total - Tax Payment
Class A common stock
[F3][F2]2026-03-15$124.42/sh−5,077$631,680→ 30,418 total - Award
Class A common stock
[F4][F2]2026-03-15+44→ 30,462 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) 3,716 unvested RSUs in respect of Class A Common Stock that are scheduled on March 15, 2027, (ii) 9,860 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) 11,975 unvested RSUs in respect of 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.