JOHNSTON NEIL O 4

4 · Cushman & Wakefield Ltd. · Filed Feb 24, 2026

AI-generated summary of this filing

Updated Feb 24, 2026

Cushman & Wakefield (CWK) CFO Neil Johnston Receives RSU Shares

What Happened

Neil O. Johnston, EVP and Chief Financial Officer of Cushman & Wakefield Ltd. (CWK), had 27,405 restricted stock units (RSUs) convert into common shares on 2026-02-23. The RSUs converted into shares at $0.00 per share (no cash paid). To cover tax withholding, 8,399 of those shares were surrendered/disposed at an assigned value of $12.93 per share, totaling $108,599. Net new shares delivered to Johnston from this vesting were 19,006.

Key Details

Transaction date: 2026-02-23; filing date: 2026-02-24 (timely).
Conversion: 27,405 RSUs → 27,405 common shares (conversion recorded as derivative exercise/conversion, code M).
Tax withholding: 8,399 shares withheld/disposed at $12.93 each for $108,599 (code F).
Net shares retained by insider from this vesting: 19,006.
Footnotes: F1 notes RSU conversion into common shares under the company’s 2018 Omnibus Plan; F2 notes the RSUs were granted 2023-02-23 and vest in three equal annual installments.
Shares owned after the transaction are not specified in the provided report.

Context

This was a routine RSU vesting and tax-withholding event, not an open-market buy or sell. The conversion of RSUs into shares is common compensation-related activity and does not necessarily signal a change in the insider’s view of the company. The filing appears timely (filed the day after the transaction).

Form 4

Period: 2026-02-23

See Remarks

Transactions

Exercise/Conversion
Common Shares
[F1]
2026-02-23+27,405→ 220,132 total
Tax Payment
Common Shares
2026-02-23$12.93/sh−8,399$108,599→ 211,733 total
Exercise/Conversion
Restricted Stock Units
[F1][F2]
2026-02-23−27,405→ 0 total
→ Common Shares (27,405 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 23, 2023 and vest in three (3) substantially 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.

Signature

/s/ Noelle J. Perkins, attorney-in-fact|2026-02-24

1 file