Hult William 4
4 · Tradeweb Markets Inc. · Filed Mar 19, 2026
Research Summary
AI-generated summary of this filing
Tradeweb (TW) CEO William Hult Sells 5,656 Shares (Tax Withholding)
What Happened
William Hult, CEO of Tradeweb Markets (TW), had 5,656 shares of Class A common stock withheld/disposed on March 17, 2026 to satisfy tax withholding related to the settlement of restricted stock units (RSUs). The withheld shares were valued at $126.17 each, totaling about $713,618. On the same date he also acquired 17 shares (no cash cost) in connection with the settlement of dividend equivalent rights tied to previously awarded RSUs.
Key Details
- Transaction date: March 17, 2026 (Form filed March 19, 2026; filed within the typical two-business-day window).
- Withholding/disposition: 5,656 shares @ $126.17 = $713,618 (footnote F1: shares withheld to satisfy RSU tax withholding).
- Acquisition: 17 shares @ $0.00 (footnote F3: shares from settlement of dividend equivalent rights).
- Unvested RSUs: filing notes significant unvested RSU balances (see F2) — e.g., 11,678 RSUs vesting March 15, 2027; additional tranches vesting in 2027–2029, subject to continued employment.
- Shares owned after transaction: not specified in the provided summary of the filing.
Context
- This was a tax-withholding/share-for-tax settlement (transaction code F), a routine administrative disposition rather than an open-market sale indicating intent.
- The 17 shares were issued as settled dividend equivalents (not a purchased stake).
- For retail investors, routine RSU tax withholdings are common and typically not interpreted as a signal of insider sentiment.
Insider Transaction Report
Form 4
Hult William
DirectorChief Executive Officer
Transactions
- Tax Payment
Class A common stock
[F1][F2]2026-03-17$126.17/sh−5,656$713,618→ 144,285 total - Award
Class A common stock
[F3][F2]2026-03-17+17→ 144,302 total
Footnotes (3)
- [F1]Represents shares withheld by the issuer to satisfy the tax withholding obligation associated with the settlement of restricted stock units ("RSUs") in respect of the issuer's Class A common stock ("Class A Common Stock") held by the reporting person.
- [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) 20,455 unvested RSUs in respect of Class A Common Stock that are scheduled to vest in equal installments on 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 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|2026-03-19