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Share-Based Compensation Plans (Tables) - Tradeweb Markets LLC | 12 Months Ended
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Dec. 31, 2018
Share-Based Compensation Plans |
Schedule of equity-settled PRSUs issued | The following table reports the activity for equity-settled PRSUs issued by the Company:
|  |  |  | Weighted
|  |  |  | Average
|  | Number of |  | Fair Value
Successor |  | PRSUs |  | of PRSUs
Outstanding at October 1, 2018 |  | — |  | $ | —
Converted to equity settled PRSUs |  | 1,442.2 |  |  | 30,482
Outstanding at December 31, 2018 |  | 1,442.2 |  | $ | 30,482
Schedule of cash-settled PRSUs issued |
|  |  |  | Weighted
|  |  |  | Average
|  | Number of |  | Fair Value
Predecessor |  | PRSUs |  | of PRSUs
Outstanding at December 31, 2015 |  | 574.7 |  | $ | 22,512
Granted |  | 512.8 |  |  | 21,723
Forfeited |  | (12.9) |  |  | 23,170
Outstanding at December 31, 2016 |  | 1,074.6 |  |  | 13,159
Granted |  | 511.7 |  |  | 24,911
Forfeited |  | (8.7) |  |  | 26,770
Outstanding at December 31, 2017 |  | 1,577.6 |  |  | 31,039
Granted |  | 531.9 |  |  | 29,609
Exercised |  | (560.4) |  |  | 32,246
Forfeited |  | (9.9) |  |  | 31,130
Outstanding at September 30, 2018 |  | 1,539.2 |  | $ | 38,017
Successor |  |  |  |  |
Outstanding at October 1, 2018 |  | 1,539.2 |  | $ | 38,017
Granted |  | 36.7 |  |  | 42,892
Forfeited |  | (20.2) |  |  | 34,891
Converted to equity settled PRSUs |  | (1,033.2) |  |  | 42,696
Outstanding at December 31, 2018 |  | 522.5 |  | $ | 34,221
Schedule of significant assumptions used to estimate the fair value of the options |
Weighted Average Expected Life (years) |  |  | 5.7 |
Weighted Average Risk Free Interest Rate |  |  | 2.94 | %
Weighted Average Expected Volatility |  |  | 20.0 | %
Weighted Average Expected Dividend Yield |  |  | 4.02 | %
Share Price |  | $ | 25,657 |
Exercise Price |  | $ | 28,594 |
Schedule of activity for options issued | The following table reports the activity for options issued by the Company:
|  |  |  | Weighted |  |  |  |  |  |  |  | Weighted
|  |  |  | Average |  |  |  |  | Weighted |  | Average
|  |  |  | Grant Date |  | Intrinsic |  | Average |  | Remaining
|  | Number of |  | Fair Value |  | Value |  | Exercise |  | Contract
Successor |  | Options |  | of Options |  | (in thousands) |  | Price |  | Life (years)
Outstanding at October 1, 2018 |  | — |  | $ | — |  |  |  |  |  |  |  |
Granted |  | 13,025.8 |  |  | 2,569 |  |  |  |  | $ | 28,594 |  |
Outstanding at December 31, 2018 |  | 13,025.8 |  | $ | 2,569 |  | $ | 4,741 |  | $ | 28,594 |  | 9.8
Schedule of activity for SARs issued |
|  |  |  | Weighted
|  |  |  | Average
|  | Number of |  | Exercise Price
Predecessor |  | SARS |  | of SARs
Outstanding at December 31, 2015 |  | 6,315.5 |  | $ | 16,839
Forfeited |  | (91.0) |  |  | 17,280
Exercised |  | (3,338.4) |  |  | 16,389
Outstanding at December 31, 2016 |  | 2,886.1 |  | $ | 17,344
Exercised |  | (2,886.1) |  |  | 17,344
Outstanding at December 31, 2017 |  | — |  | $ | —
Schedule of unrecognized compensation cost | As of December 31, 2018, total unrecognized compensation cost related to non-vested share-based compensation arrangements and the expected recognition period are as follows:
|  | Cash-Settled |  | Equity Settled |  |  |
|  | PRSUs |  | PRSUs |  | Options
Total unrecognized compensation cost |  | $ | 419,000 |  | $ | 24,853,000 |  | $ | 33,460,000
Weighted average recognition period |  |  | 1.8 years |  |  | 1.7 years |  |  | 0.9 years
Schedule of Employee Shares |
|  | Class C |  | Class P(C) |  | Class P-1(C)
Predecessor |  | Shares |  | Shares |  | Shares
Outstanding at December 31, 2015 |  | 528 |  | 2 |  | —
Sold |  | (24) |  | — |  | —
Outstanding at December 31, 2016 |  | 504 |  | 2 |  | —
Purchased |  | 5 |  | — |  | —
Sold |  | (62) |  | — |  | —
Outstanding at December 31, 2017 |  | 447 |  | 2 |  | —
Sold |  | — |  | — |  | 232
Outstanding at September 30, 2018 |  | 447 |  | 2 |  | 232
Successor |  |  |  |  |  |
Outstanding at October 1, 2018 |  | 447 |  | 2 |  | 232
Sold |  | — |  | — |  | —
Outstanding at December 31, 2018 |  | 447 |  | 2 |  | 232
Recapitalization |
Share-Based Compensation Plans |
Schedule of equity-settled PRSUs issued | The following table reports the activity for equity-settled PRSUs issued by the Company adjusted retroactively for the Recapitalization described in Note 2:
|  |  |  | Weighted
|  |  |  | Average
|  | Number of |  | Fair Value
Successor |  | PRSUs |  | of PRSUs
Outstanding at October 1, 2018 |  | — |  | $ | —
Converted to equity settled PRSUs |  | 2,003,100 |  |  | 21.95
Outstanding at December 31, 2018 |  | 2,003,100 |  | $ | 21.95
Schedule of activity for options issued | The following table reports the activity for options issued by the Company adjusted retroactively for the Recapitalization described in Note 2:
|  |  |  | Weighted |  |  |  |  |  |  |  | Weighted
|  |  |  | Average |  |  |  |  | Weighted |  | Average
|  |  |  | Grant Date |  | Intrinsic |  | Average |  | Remaining
|  | Number of |  | Fair Value |  | Value |  | Exercise |  | Contract
Successor |  | Options |  | of Options |  | (in thousands) |  | Price |  | Life (years)
Outstanding at October 1, 2018 |  | — |  | $ | — |  |  |  |  |  |  |  |
Granted |  | 18,091,793 |  |  | 1.85 |  |  |  |  | $ | 20.59 |  |
Outstanding at December 31, 2018 |  | 18,091,793 |  | $ | 1.85 |  | $ | 4,741 |  | $ | 20.59 |  | 9.8

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