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Share-Based Compensation Plans (Tables) - Tradeweb Markets LLC

12 Months Ended

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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