Perkins Noelle J 4
4 · Cushman & Wakefield Ltd. · Filed Feb 24, 2026
Research Summary
AI-generated summary of this filing
Cushman & Wakefield (CWK) CLO Noelle Perkins Converts RSUs, Sells Shares
What Happened
Noelle J. Perkins, Executive Vice President, Chief Legal Officer & Secretary of Cushman & Wakefield Ltd. (CWK), had 14,985 restricted stock units (RSUs) convert into the same number of common shares on Feb 22, 2026 (reported as an exercise/conversion). To satisfy tax withholding, 4,755 of those shares were disposed at $13.33 each for proceeds of $63,384. The conversion was recorded at $0.00 per share (no cash paid).
Key Details
- Transaction date: 2026-02-22 (filed 2026-02-24; appears timely within the Form 4 reporting window).
- Conversion: 14,985 RSUs converted into 14,985 common shares (reported as code M) at $0.00.
- Tax withholding/disposition: 4,755 shares disposed (code F) at $13.33 for $63,384. Withheld shares represent ~31.8% of the shares that vested.
- Shares owned after transaction: not specified in the filing.
- Footnotes: F1 confirms RSUs converted to shares without payment under the 2018 Omnibus Plan; F2 notes the RSUs were granted 2024-02-22 and vest in three equal annual installments (this conversion aligns with a vesting installment).
- This was a withholding/surrender to cover taxes (routine), not an open-market speculative sale.
Context
This was a standard RSU vesting event: a tranche vested (converted to shares) and a portion was withheld/surrendered to cover tax obligations (a common "cashless" tax withholding arrangement). Such withholding transactions are routine and primarily reflect tax mechanics rather than a directional insider bet.
Insider Transaction Report
- Exercise/Conversion
Common Shares
[F1]2026-02-22+14,985→ 67,820 total - Tax Payment
Common Shares
2026-02-22$13.33/sh−4,755$63,384→ 63,065 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-02-22−14,985→ 14,985 total→ Common Shares (14,985 underlying)
Footnotes (2)
- [F1]Conversion of previously awarded restricted stock units ("RSUs") into an equal number of common shares, without the payment of any consideration, pursuant to the Fourth Amended & Restated 2018 Omnibus Management Share and Cash Incentive Plan.
- [F2]RSUs were granted on February 22, 2024 and vest in three (3) equal installments on each of the first three (3) anniversaries of the grant date, subject, with certain limited exceptions, to the reporting person's continuing employment through each such vesting date.