MCDONALD ANDREW R. 4

4 · Cushman & Wakefield Ltd. · Filed Mar 2, 2026

AI-generated summary of this filing

Updated Mar 2, 2026

Cushman & Wakefield (CWK) COO Andrew McDonald Receives RSUs, Withholds Shares

What Happened

Andrew R. McDonald, Global President & Chief Operating Officer of Cushman & Wakefield Ltd. (CWK), had previously awarded restricted stock units (RSUs) convert into common shares and received a new RSU grant. On Feb 27, 2026, 53,921 RSUs converted into 53,921 common shares. To cover tax withholding, 27,436 of those shares were surrendered/withheld at $13.41 per share, resulting in proceeds of about $367,917. Separately, on Feb 26, 2026 he was granted 138,989 new RSUs (no cash payment).

Key Details

Transaction dates: RSU grant 2026-02-26; conversion/settlement and withholding 2026-02-27. Filing date: 2026-03-02 (timely).
Conversion: 53,921 RSUs → 53,921 common shares (acquired at $0 per share as RSUs convert to stock).
Tax withholding: 27,436 shares disposed at $13.41/share for ~$367,917 (code F — shares used to satisfy tax withholding).
New grant: 138,989 RSUs granted 2026-02-26; vest in three substantially equal annual installments (subject to continued employment).
Earlier RSU grant noted: 161,765 RSUs granted 2025-02-27 (vest schedule noted in filing).
Shares owned after the transactions are not specified in the filing.

Context

These transactions are RSU conversions/settlements and a new RSU award — not an open-market purchase or sale driven by market timing. The conversion is effectively a non-cash issuance (RSUs converting to shares) and the disposal reflects shares withheld to satisfy tax obligations (a routine administrative step, not an independent sale).

Form 4

Period: 2026-02-26

See Remarks

Transactions

Exercise/Conversion
Common Shares
[F1]
2026-02-27+53,921→ 477,805 total
Tax Payment
Common Shares
2026-02-27$13.41/sh−27,436$367,917→ 450,369 total
Award
Restricted Stock Units
[F2][F3]
2026-02-26+138,989→ 138,989 total
→ Common Shares (138,989 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F4]
2026-02-27−53,921→ 107,844 total
→ Common Shares (53,921 underlying)

Footnotes (4)

[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 (the "Fourth A&R Omnibus Plan").
[F2]RSUs granted under the Fourth A&R Omnibus Plan convert into an equal number of common shares of Cushman & Wakefield Ltd.
[F3]On February 26, 2026, the reporting person was granted 138,989 RSUs which will vest and settle 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.
[F4]On February 27, 2025, the reporting person was granted 161,765 RSUs which will vest and settle 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 Perkins, attorney-in-fact|2026-03-02

1 file