JOHNSTON NEIL O 4

What Happened

• Neil O. Johnston, EVP and Chief Financial Officer of Cushman & Wakefield Ltd. (CWK), had previously awarded RSUs vest/convert into shares and received a new RSU grant. On Feb 27, 2026, 30,812 restricted stock units vested/converted into common shares (conversion at $0). To satisfy tax withholding, 13,724 shares were withheld/disposed at $13.41 per share (total ~$184,039). On Feb 26, 2026 he was granted 79,423 new RSUs (no cash paid).

Key Details

• Transaction dates: RSU grant 02/26/2026; RSU vest/conversion and tax withholding 02/27/2026.
• Tax withholding: 13,724 shares withheld at $13.41 = $184,039 (listed as a disposition to cover tax liability).
• New award: 79,423 RSUs granted on 02/26/2026; these RSUs vest in three substantially equal annual installments (see footnote).
• Earlier award context: the vested 30,812 shares reflect a scheduled vesting from a Feb 27, 2025 RSU grant (3-year vesting schedule).
• Shares owned after the transactions: not specified in the filing.
• Filing timeliness: Form filed 03/02/2026 reporting 02/26–02/27 transactions; the filing shows no special late-filing note.

Context

• These actions are RSU vesting/conversion and tax withholding, not an open-market sale by the insider. Withholding to cover taxes is a routine administrative disposition and does not necessarily indicate selling for investment reasons.
• The 79,423 RSU grant is a long-term award subject to continued employment through each vest date; purchases would carry more direct bullish signaling than awarded or withheld shares.