JOHNSTON NEIL O 4

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).