MCDONALD ANDREW R. 4

What Happened

• Andrew R. McDonald, Global President & Chief Operating Officer of Cushman & Wakefield (CWK), had 186,249 shares issued on 2026-02-25 upon conversion/vesting of performance-based awards (transaction code M). Of those, 94,764 shares were surrendered/withheld to cover taxes (transaction code F) at $13.76 per share, valued at $1,303,953. Net shares retained after withholding: 91,485 (approx. $1.26M at $13.76). The filing was submitted on 2026-02-27.

Key Details

• Transaction dates: 2026-02-25 (reported on Form 4 filed 2026-02-27)
• Acquired: 186,249 shares via exercise/conversion (reported price $0.00 because these were vested performance RSUs)
• Withheld/disposed for tax: 94,764 shares at $13.76 each = $1,303,953
• Net new shares retained: 91,485 (approx. $1.26M at $13.76); total vested shares valued ~ $2.56M at $13.76
• Footnote: Vesting reflects performance-based restricted stock units earned for the 2023–2025 performance period under the Fourth Amended & Restated 2018 Omnibus Management Share and Cash Incentive Plan (per footnote F1)
• Filing timeliness: Filed within the typical two-business-day window (not flagged late)

Context

• This was a vesting/conversion of performance RSUs, not an open-market purchase or discretionary sale. The withholding of shares to cover taxes is routine and common when shares vest; it should not be interpreted as a voluntary sale signaling sentiment.
• Transaction codes: M = conversion/exercise of derivative (here, RSU vesting); F = payment of tax liability via share withholding.