Companies Tradeweb Markets Inc.
Tradeweb Markets (TW): executive pay, fiscal 2025
Free brief. Every figure links to the company’s own filing.
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CEO vs. named peers71st pct.Of 14 peer CEOs
CEO pay, last three years
- $14,307,658FY2023
- $16,737,931FY2024
- $20,620,952FY2025
CEO total pay was $20,620,952 in fiscal 2025, up from $16,737,931 in fiscal 2024.
FY2025: salary $1,000,000 · bonus $0 · stock awards $15,082,345 · option awards $0
Executives and directors
Billy Hult · CEOJustin Peterson · CTOSara Furber · CFOBalbir Bakhshi · DirectorCatherine Johnson · DirectorDaniel Maguire · DirectorJacques Aigrain · Independent DirectorLisa Opoku · Independent DirectorPaula Madoff · Lead Independent DirectorRana Yared · Independent DirectorRich Repetto · Independent DirectorScott Ganeles · DirectorSteven Berns · Independent Director
Frequently asked questions
Who was the highest-paid executive at Tradeweb Markets Inc. in fiscal 2025?
As disclosed, Billy Hult (Chief Executive Officer) was the highest-paid executive at Tradeweb Markets Inc. in fiscal 2025, with total compensation of $20,620,952.
How does Tradeweb Markets Inc.'s chief executive pay compare to its disclosed peer group?
As disclosed, Billy Hult's total compensation ranked at the 71st percentile of Tradeweb Markets Inc.'s disclosed peer group.
What is Tradeweb Markets Inc.'s CEO-to-median employee pay ratio?
As disclosed, Tradeweb Markets Inc.'s CEO-to-median employee pay ratio was 87:1.
How did shareholders vote on Tradeweb Markets Inc.'s executive compensation?
As disclosed, 98.69% of shareholders supported Tradeweb Markets Inc.'s executive compensation in the latest say-on-pay vote.
How much does Tradeweb Markets Inc. spend in total on board compensation for fiscal 2025?
As disclosed, Tradeweb Markets Inc. reported total board compensation of $2,473,169 for fiscal 2025.
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Billy Hult | $1,000,000 | $0 | $15,082,345 | $0 | $4,500,000 | $0 | $38,607 | $20,620,952 |
| Chief Executive Officer | ||||||||
| Sara Furber | 600,000 | 2,430,000 | 4,846,818 | 0 | 0 | 0 | 18,662 | 7,895,480 |
| Chief Financial Officer | ||||||||
| Justin Peterson | 400,000 | 1,600,000 | 3,307,277 | 0 | 0 | 0 | 43,518 | 5,350,795 |
| Chief Technology Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Billy Hult | $20,620,952 | $16,737,931 | $14,307,658 | ↑ +3,883,021 |
| Sara Furber | 7,895,480 | 6,752,297 | 8,593,932 | ↑ +1,143,183 |
| Justin Peterson | 5,350,795 | 4,612,010 | 7,152,333 | ↑ +738,785 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
The Company's compensation program is designed to attract and retain highly qualified executives, align executive interests with stockholders, and reward performance.
| CEO STI target (% of salary) | 300% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | ClearBridge |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Sara Furber | RSU | 2025-03-17 | — | — | 9,860 | — | $1,338,989 |
| Justin Peterson | PSU | 2025-03-17 | — | 6,728 | — | 16,820 | 913,662 |
| Enrico Bruni | PSU | 2025-03-17 | — | 9,638 | — | 24,095 | 1,308,840 |
| Billy Hult | PSU | 2025-03-17 | — | 30,682 | — | 76,705 | 4,166,616 |
| Sara Furber | PSU | 2025-03-17 | — | 9,860 | — | 24,650 | 1,338,988 |
| Enrico Bruni | RSU | 2025-03-17 | — | — | 9,638 | — | 1,308,840 |
| Troy Dixon | RSU | 2025-02-03 | — | — | 31,520 | — | 3,999,887 |
| Justin Peterson | RSU | 2025-03-17 | — | — | 6,728 | — | 913,662 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Sara Furber | $1,338,989 | $1,338,988 | $0 | 50.0% |
| Justin Peterson | 913,662 | 913,662 | 0 | 50.0% |
| Enrico Bruni | 1,308,840 | 1,308,840 | 0 | 50.0% |
| Billy Hult | 0 | 4,166,616 | 0 | 100.0% |
| Troy Dixon | 3,999,887 | 0 | 0 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Justin Peterson | RSU | 5,095 | — | $547,916 |
| Justin Peterson | RSU | 6,728 | — | 723,529 |
| Bruni | RSU | 6,741 | — | 724,927 |
| Sara Furber | RSU | 7,431 | — | 799,130 |
| Bruni | RSU | 9,638 | — | 1,036,471 |
| Sara Furber | RSU | 9,860 | — | 1,060,344 |
| Billy Hult | RSU | 23,356 | — | 2,511,704 |
| Justin Peterson | PSU | 23,671 | — | 2,545,579 |
| Justin Peterson | PSU | 26,783 | — | 2,880,244 |
| Justin Peterson | RSU | 29,466 | — | 3,168,774 |
| Billy Hult | RSU | 30,682 | — | 3,299,542 |
| Bruni | PSU | 33,909 | — | 3,646,574 |
| Sara Furber | PSU | 34,690 | — | 3,730,563 |
| Bruni | PSU | 35,434 | — | 3,810,572 |
| Bruni | RSU | 38,245 | — | 4,112,867 |
| Sara Furber | PSU | 39,061 | — | 4,200,620 |
| Sara Furber | RSU | 40,110 | — | 4,313,429 |
| Sara Furber | PSU | 90,932 | — | 9,778,827 |
| Bruni | PSU | 90,932 | — | 9,778,827 |
| Justin Peterson | PSU | 90,932 | — | 9,778,827 |
| Billy Hult | RSU | 92,567 | — | 9,954,655 |
| Billy Hult | PSU | 104,922 | — | 11,283,312 |
| Billy Hult | PSU | 107,948 | — | 11,608,728 |
| Billy Hult | PSU | 122,766 | — | 13,202,256 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Jacques AigrainIndependent · Compensation Committee (Chair) · Nominating and Corporate Governance Committee | $211,736 | $299,918 | $0 | $0 | $0 | $511,654 |
| Paula MadoffIndependent · Lead Independent Director · Audit and Risk Committee · Compensation Committee · Nominating and Corporate Governance Committee (Chair) | 180,167 | 214,975 | 0 | 0 | 20,000 | 415,142 |
| Rich RepettoIndependent · Audit and Risk Committee | 89,944 | 222,975 | 0 | 0 | 20,000 | 332,919 |
| Steven BernsIndependent · Audit and Risk Committee (Chair) | 133,819 | 184,867 | 0 | 0 | 0 | 318,686 |
| Rana YaredIndependent · Audit and Risk Committee | 115,000 | 184,867 | 0 | 0 | 0 | 299,867 |
| Lisa OpokuIndependent · Compensation Committee · Nominating and Corporate Governance Committee | 113,567 | 184,867 | 0 | 0 | 0 | 298,434 |
| Scott GanelesNot independent · Governance | 111,600 | 184,867 | 0 | 0 | 0 | 296,467 |
| Catherine JohnsonNot independent · Governance | 0 | 0 | 0 | 0 | 0 | 0 |
| Billy HultEmployee director · Governance | 0 | 0 | 0 | — | 0 | 0 |
| Balbir BakhshiNot independent · Governance | 0 | 0 | 0 | 0 | 0 | 0 |
| Daniel MaguireNot independent · Governance | 0 | 0 | 0 | 0 | 0 | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $100,000 |
|---|---|
| Annual equity retainer | $185,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 35,000 / 25,000 / 25,000 |
| Stock ownership guideline | $750,000 |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $955,833 |
| Equity awards (grant-date value) | $1,477,336 |
| All other compensation | $40,000 |
| Total cost of the board | $2,473,169 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Tradeweb Markets as a peer
Companies that benchmark against TW
9 companies name TW as a compensation peer
The list of companies that name TW as a peer is temporarily unavailable — recheck shortly.
Disclosed peer group — fiscal year 2025
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
IBKR Interactive Brokers Group, Inc.BG BGC Group, Inc.BILL BILL Holdings, Inc.VIRT Virtu Financial, Inc.CBOE Cboe Global Markets, Inc.FDS FactSet Research Systems Inc.FICO Fair Isaac CorporationGWRE Guidewire Software, Inc.MKTX MarketAxess Holdings Inc.MORN Morningstar, Inc.MSCI MSCI Inc.NDAQ Nasdaq, Inc.QTWO Q2 Holdings, Inc.SEIC SEI Investments Company
Peer reciprocity
Of the companies Tradeweb Markets Inc. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.
— Interactive Brokers Group, Inc. (IBKR)57— BGC Group, Inc. (BG)58— BILL Holdings, Inc. (BILL)59— Virtu Financial, Inc. (VIRT)60— Cboe Global Markets, Inc. (CBOE)61✓ FactSet Research Systems Inc. (FDS)62— Fair Isaac Corporation (FICO)63— Guidewire Software, Inc. (GWRE)64✓ MarketAxess Holdings Inc. (MKTX)65 Morningstar, Inc. (MORN)— MSCI Inc. (MSCI)66— Nasdaq, Inc. (NDAQ)67— Q2 Holdings, Inc. (QTWO)68 SEI Investments Company (SEIC)
Reciprocity shown where the peer’s own current proxy has been read — each mark is cited in the register to that peer’s filing. A dash means the peer’s current proxy was read and names no reciprocal group including Tradeweb Markets Inc..
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | FactSet Research Systems Inc. | 2026 | Sanoke Viswanathan | $980,769 | $22,708,861 | $22,000,063 | $3,235,290 | $62,046,674 |
| 2 | Fair Isaac Corporation | 2025 | William Lansing | 750,000 | 34,091,860 | 0 | 1,100,000 | 36,045,267 |
| 3 | Msci Inc. | 2025 | Henry A. Fernandez | 1,000,000 | 4,380,024 | 25,220,304 | 1,346,950 | 33,320,590 |
| 4 | Nasdaq, Inc. | 2025 | Adena Friedman | 1,359,616 | 17,491,321 | 0 | 6,086,509 | 25,014,550 |
| 5 | Tradeweb Markets Inc. | 2025 | Billy Hult | 1,000,000 | 15,082,345 | 0 | 4,500,000 | 20,620,952 |
| 6 | Interactive Brokers Group, Inc. | 2025 | Milan Galik | 590,000 | 14,550,000 | 0 | 0 | 19,669,486 |
| 7 | BGC Group, Inc. | 2025 | Gregory Heckman | 1,400,000 | 12,767,722 | 0 | 4,112,640 | 18,945,479 |
| 8 | Cboe Global Markets, Inc. | 2025 | Craig Donohue | 846,970 | 14,742,574 | 0 | 2,553,699 | 18,347,037 |
| 9 | Virtu Financial, Inc. | 2025 | Aaron Simons | 850,000 | 6,246,625 | 0 | 1,065,250 | 16,727,125 |
| 10 | Guidewire Software, Inc. | 2026 | Mike Rosenbaum | 750,000 | 14,663,752 | 0 | 915,000 | 16,337,125 |
| 11 | SEI Investments Company | 2025 | Ryan Hicke | 850,000 | 2,150,032 | 6,599,942 | 2,200,000 | 11,819,204 |
| 12 | Q2 Holdings, Inc. | 2025 | Matthew Flake | 520,000 | 10,372,998 | 0 | 552,879 | 11,492,510 |
| 13 | Bill Holdings, Inc. | 2026 | René Lacerte | 550,000 | 10,074,514 | 0 | 691,350 | 11,356,364 |
| 14 | Morningstar, Inc. | 2025 | Kunal Kapoor | 650,000 | 6,251,743 | 0 | 2,150,577 | 9,070,695 |
| 15 | MarketAxess Holdings Inc. | 2025 | Christopher Concannon | 750,000 | 3,599,881 | 1,208,646 | 1,525,000 | 7,101,027 |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Incentive design against the same peers
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Tradeweb Markets Inc. | 150% | PSU 66 · RSU 33 | Yes — Cumulative Absolute TSR | ClearBridge |
| BGC Group, Inc. | not disclosed | PBRSU 60 · TBRSU 40 | Yes — 3-Year RTSR | Semler Brossy |
| Bill Holdings, Inc. | 125.7% | RSU 50 · PSU 50 | Yes | Semler Brossy Consulting Group LLC |
| Cboe Global Markets, Inc. | not disclosed | RSU 50 · PSU 50 | Yes | Meridian |
| FactSet Research Systems Inc. | not disclosed | Option 50 · PSU 50 | not disclosed | Meridian Compensation Partners |
| Fair Isaac Corporation | not disclosed | PSU 33 · RSU 33 · Other 33 | No | Compensia, Inc. |
| Guidewire Software, Inc. | not disclosed | RSU 50 · PRSU 50 | not disclosed | Semler Brossy |
| Interactive Brokers Group, Inc. | 678% | RSU 100 | not disclosed | We have not utilized the services of a compensation consultant to date |
| MarketAxess Holdings Inc. | 86% | PSU 50 · RSU 25 · Options 25 | No | FW Cook |
| Morningstar, Inc. | 111.4% | MSU 75 · RSU 25 | No | Pay Governance LLC |
| Msci Inc. | 96.21% | not disclosed | Yes — Absolute TSR CAGR | Semler Brossy |
| Nasdaq, Inc. | 149% | not disclosed | Yes — TSR relative to S&P 500 companies | Exequity |
| Q2 Holdings, Inc. | 106.3% | PSU 50 · RSU 50 | Yes — Relative TSR | Mercer |
| SEI Investments Company | 110% | not disclosed | not disclosed | Semler Brossy Consulting Group, LLC |
| Virtu Financial, Inc. | not disclosed | not disclosed | No | not disclosed |
Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-19 | 1,124,762,301 | 14,904,331 | 9,135 | 98.69% | Passed |
| 2025 | 2025-05-20 | 1,133,780,032 | 9,131,679 | 13,535 | 99.2% | Passed |
| 2024 | 2024-05-10 | 1,129,171,356 | 11,917,132 | 10,574 | 98.95% | Passed |
| 2021 | 2021-05-11 | 1,278,118,972 | 14,107,879 | 168,007 | 98.9% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-05-19 | 98.69%a |
| 2025 | 2025-05-20 | 99.2%b |
| 2024 | 2024-05-10 | 98.95%c |
a. Approved under the standard stated in the filing — “For this matter, abstentions are counted as present at the Annual Meeting and entitled to vote and will have the effect of a vote "AGAINST" the Proposal.”.
b. Approved under the standard stated in the filing — “For this matter, abstentions are counted as present at the Annual Meeting and entitled to vote and will have the effect of a vote "AGAINST" the matter.”.
c. Approved under the standard stated in the filing — “For this matter, abstentions are counted as present at the Annual Meeting and entitled to vote and will have the effect of a vote "AGAINST" the matter.”.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
CEO pay ratio
| Ratio (CEO : median employee) | 87 : 1 |
|---|---|
| CEO total compensation | $20,620,952 |
| Median employee compensation | $238,000 |
Insider trades since the proxy
Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Justin Peterson | Chief Technology Officer | 2026-04-15 | D | 21,221 | $121 | $2,560,496 | Common | Form 4 ↗ |
| Rich Repetto | Director | 2026-05-19 | A | 1,645 | 0 | 0 | Common | Form 4 ↗ |
| Jacques Aigrain | Director | 2026-05-19 | A | 2,668 | 0 | 0 | Common | Form 4 ↗ |
| Scott Ganeles | Director | 2026-05-19 | A | 1,645 | 0 | 0 | Common | Form 4 ↗ |
| Steven Berns | Director | 2026-05-19 | A | 1,645 | 0 | 0 | Common | Form 4 ↗ |
| Lisa Opoku | Director | 2026-05-19 | A | 1,645 | 0 | 0 | Common | Form 4 ↗ |
| Paula Madoff | Director | 2026-05-19 | A | 1,912 | 0 | 0 | Common | Form 4 ↗ |
| Rana Yared | Director | 2026-05-19 | A | 1,645 | 0 | 0 | Common | Form 4 ↗ |
| Steven Berns | Director | 2026-05-26 | D | 425 | 105 | 44,736 | Common | Form 4 ↗ |
| Justin Peterson | Chief Technology Officer | 2026-06-01 | D | 21,221 | 102 | 2,164,542 | Common | Form 4 ↗ |
| Troy Dixon | MD, Co-Head of Global Markets | 2026-08-14 | D | 546 | 106 | 57,734 | Common | Form 4 ↗ |
| Troy Dixon | MD, Co-Head of Global Markets | 2026-08-17 | D | 2,584 | 106 | 274,059 | Common | Form 4 ↗ |
Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.
Sources (68 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Billy Hult. DEF 14A, filed 2026-03-26. Section “Summary Compensation Table”. As printed: 20,620,952. View filing ↗
- Section 01, Sara Furber. DEF 14A, filed 2026-03-26. Section “Summary Compensation Table”. As printed: 7,895,480. View filing ↗
- Section 01, Justin Peterson. DEF 14A, filed 2026-03-26. Section “Summary Compensation Table”. As printed: 5,350,795. View filing ↗
- Section 03, Sara Furber RSU. DEF 14A, filed 2026-03-26. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Justin Peterson PSU. DEF 14A, filed 2026-03-26. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Enrico Bruni PSU. DEF 14A, filed 2026-03-26. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Billy Hult PSU. DEF 14A, filed 2026-03-26. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Sara Furber PSU. DEF 14A, filed 2026-03-26. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Enrico Bruni RSU. DEF 14A, filed 2026-03-26. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Troy Dixon RSU. DEF 14A, filed 2026-03-26. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Justin Peterson RSU. DEF 14A, filed 2026-03-26. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-03-26. Section “CEO Pay Ratio”. As printed: 87 : 1. View filing ↗
- Section 08, Jacques Aigrain. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: 511,654. View filing ↗
- Section 08, Paula Madoff. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: 415,142. View filing ↗
- Section 08, Rich Repetto. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: 332,919. View filing ↗
- Section 08, Steven Berns. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: 318,686. View filing ↗
- Section 08, Rana Yared. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: 299,867. View filing ↗
- Section 08, Lisa Opoku. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: 298,434. View filing ↗
- Section 08, Scott Ganeles. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: 296,467. View filing ↗
- Section 08, Catherine Johnson. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Billy Hult. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Balbir Bakhshi. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Daniel Maguire. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 02, Justin Peterson 2026-04-15. Form 4, filed 2026-04-17. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Rich Repetto 2026-05-19. Form 4, filed 2026-05-20. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Jacques Aigrain 2026-05-19. Form 4, filed 2026-05-20. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Scott Ganeles 2026-05-19. Form 4, filed 2026-05-20. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Steven Berns 2026-05-19. Form 4, filed 2026-05-20. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Lisa Opoku 2026-05-19. Form 4, filed 2026-05-20. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Paula Madoff 2026-05-19. Form 4, filed 2026-05-20. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Rana Yared 2026-05-19. Form 4, filed 2026-05-20. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Steven Berns 2026-05-26. Form 4, filed 2026-05-27. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Justin Peterson 2026-06-01. Form 4, filed 2026-06-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Troy Dixon 2026-08-14. Form 4, filed 2026-08-18. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Troy Dixon 2026-08-17. Form 4, filed 2026-08-18. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-05-20. Item 5.07 · say-on-pay result. As reported: 98.69% (votes for as printed: 1,124,762,301). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-05-21. Item 5.07 · say-on-pay result. As reported: 99.2% (votes for as printed: 1,133,780,032). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-05-13. Item 5.07 · say-on-pay result. As reported: 98.95% (votes for as printed: 1,129,171,356). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- Section 09b board cost (computed). Computed. Cash 955,833 + equity 1,477,336 + all other 40,000 = 2,473,169, summed across the director compensation table rows.
- FactSet Research Systems Inc., Section 10b CEO total. DEF 14A, filed 2026-10-26. CEO total compensation as printed in FactSet Research Systems Inc.'s own proxy. As printed: 62,046,674. View filing ↗
- Fair Isaac Corporation, Section 10b CEO total. DEF 14A, filed 2026-01-27. CEO total compensation as printed in Fair Isaac Corporation's own proxy. As printed: 36,045,267. View filing ↗
- Msci Inc., Section 10b CEO total. DEF 14A, filed 2026-03-11. CEO total compensation as printed in Msci Inc.'s own proxy. As printed: 33,320,590. View filing ↗
- Nasdaq, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Nasdaq, Inc.'s own proxy. As printed: 25,014,550. View filing ↗
- Tradeweb Markets Inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in Tradeweb Markets Inc.'s own proxy. As printed: 20,620,952. View filing ↗
- Interactive Brokers Group, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-11. CEO total compensation as printed in Interactive Brokers Group, Inc.'s own proxy. As printed: 19,669,486. View filing ↗
- BGC Group, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in BGC Group, Inc.'s own proxy. As printed: 18,945,479. View filing ↗
- Cboe Global Markets, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Cboe Global Markets, Inc.'s own proxy. As printed: 18,347,037. View filing ↗
- Virtu Financial, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in Virtu Financial, Inc.'s own proxy. As printed: 16,727,125. View filing ↗
- Guidewire Software, Inc., Section 10b CEO total. DEF 14A, filed 2026-10-29. CEO total compensation as printed in Guidewire Software, Inc.'s own proxy. As printed: 16,337,125. View filing ↗
- SEI Investments Company, Section 10b CEO total. DEF 14A, filed 2026-04-15. CEO total compensation as printed in SEI Investments Company's own proxy. As printed: 11,819,204. View filing ↗
- Q2 Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in Q2 Holdings, Inc.'s own proxy. As printed: 11,492,510. View filing ↗
- Bill Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2026-10-27. CEO total compensation as printed in Bill Holdings, Inc.'s own proxy. As printed: 11,356,364. View filing ↗
- Morningstar, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Morningstar, Inc.'s own proxy. As printed: 9,070,695. View filing ↗
- MarketAxess Holdings Inc., Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in MarketAxess Holdings Inc.'s own proxy. As printed: 7,101,027. View filing ↗
- Section 10a, Interactive Brokers Group, Inc. reciprocity. DEF 14A. Interactive Brokers Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Tradeweb Markets Inc.. View filing ↗
- Section 10a, BGC Group, Inc. reciprocity. DEF 14A. BGC Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Tradeweb Markets Inc.. View filing ↗
- Section 10a, BILL Holdings, Inc. reciprocity. DEF 14A. BILL Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Tradeweb Markets Inc.. View filing ↗
- Section 10a, Virtu Financial, Inc. reciprocity. DEF 14A. Virtu Financial, Inc.'s most recent proxy was read; its disclosed peer group does not include Tradeweb Markets Inc.. View filing ↗
- Section 10a, Cboe Global Markets, Inc. reciprocity. DEF 14A. Cboe Global Markets, Inc.'s most recent proxy was read; its disclosed peer group does not include Tradeweb Markets Inc.. View filing ↗
- Section 10a, FactSet Research Systems Inc. reciprocity. DEF 14A. FactSet Research Systems Inc. names Tradeweb Markets Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Fair Isaac Corporation reciprocity. DEF 14A. Fair Isaac Corporation's most recent proxy was read; its disclosed peer group does not include Tradeweb Markets Inc.. View filing ↗
- Section 10a, Guidewire Software, Inc. reciprocity. DEF 14A. Guidewire Software, Inc.'s most recent proxy was read; its disclosed peer group does not include Tradeweb Markets Inc.. View filing ↗
- Section 10a, MarketAxess Holdings Inc. reciprocity. DEF 14A. MarketAxess Holdings Inc. names Tradeweb Markets Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, MSCI Inc. reciprocity. DEF 14A. MSCI Inc.'s most recent proxy was read; its disclosed peer group does not include Tradeweb Markets Inc.. View filing ↗
- Section 10a, Nasdaq, Inc. reciprocity. DEF 14A. Nasdaq, Inc.'s most recent proxy was read; its disclosed peer group does not include Tradeweb Markets Inc.. View filing ↗
- Section 10a, Q2 Holdings, Inc. reciprocity. DEF 14A. Q2 Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Tradeweb Markets Inc.. View filing ↗