Perkins Noelle J 4

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.