Sayed Laurida 4

What Happened

• Sayed Laurida, Chief Accounting Officer of Cushman & Wakefield Ltd. (CWK), had RSUs vest and converted them into common shares. On Feb 22, 2026 he converted 6,661 RSUs and on Feb 23, 2026 he converted 2,492 RSUs (total 9,153 shares acquired at $0 per share pursuant to plan).
• To satisfy tax withholding obligations, 2,306 shares were withheld on Feb 22 at $13.33 ($30,739) and 863 shares were withheld on Feb 23 at $12.93 ($11,159), for a combined withholding of 3,169 shares valued at $41,898.
• These transactions reflect receipt of vested RSU awards and routine tax-withholding dispositions, not open-market investment purchases or discretionary sales.

Key Details

• Transaction dates and prices:
  • 2026-02-22: 6,661 RSUs converted to 6,661 shares (conversion = $0); 2,306 shares withheld at $13.33 ($30,739).
  • 2026-02-23: 2,492 RSUs converted to 2,492 shares (conversion = $0); 863 shares withheld at $12.93 ($11,159).
• Shares acquired (net): 9,153 gross shares from RSU conversion; 3,169 shares withheld for taxes; net increase to Laurida’s holdings = 5,984 shares (filing does not state prior total holdings).
• Footnotes: conversions were pursuant to the Fourth Amended & Restated 2018 Omnibus Plan (F1). The RSUs were originally granted on 2/22/2024 (vest schedule per F2) and 2/23/2023 (vest schedule per F3), each vesting in three substantially equal annual installments.
• Tax withholding code: F (payment of exercise price or tax liability). Derivative conversion code: M (exercise/conversion of derivative).
• Filing: Reported on 2026-02-24 for transactions on Feb 22–23, 2026 — filed within the typical Form 4 reporting window (not marked late).

Context

• These were vesting/conversion and tax-withholding events for RSUs (restricted stock units). The RSUs converted into shares without cash payment; a portion of the newly issued shares were withheld to cover taxes (common, routine practice).
• Such withholding dispositions are administrative and do not necessarily indicate trading sentiment. They differ from open-market sales by insiders, which can be more informative about personal views on the stock.