Sun Angela 4

What Happened

• Angela Sun, a director of Cushman & Wakefield Ltd. (CWK), received a grant of 14,041 restricted stock units (RSUs) on May 14, 2026 and had 17,013 RSUs vest/convert on May 15, 2026. The RSU grant and conversions were reported as $0 transactions (no cash paid). The 17,013 shares that converted on May 15 are shown as disposed at $0.00 in the filing.

Key Details

• Transaction dates and amounts:
  • May 14, 2026 — Grant: 14,041 RSUs @ $0.00 (report code A)
  • May 15, 2026 — Conversion/Exercise of derivative: 17,013 shares acquired (report code M)
  • May 15, 2026 — Conversion/Exercise of derivative: 17,013 shares disposed @ $0.00 (report code M)
• Report filed: May 18, 2026 (covers period through May 14–15, 2026). Filing appears timely based on these dates.
• Shares owned after the transactions: not specified in the information provided.
• Footnotes (from the filing):
  • The conversions reflect RSUs converting into an equal number of common shares without payment under the company’s director and omnibus incentive plans.
  • The 14,041 RSUs granted May 14, 2026 vest and settle on May 14, 2027 (subject to continued board service).
  • The 17,013 RSUs converted on May 15, 2026 were granted May 15, 2025 and vested/settled May 15, 2026.

Context

• These entries involve RSU grants and the conversion/settling of RSUs into common shares (derivative transactions), not open-market purchases or sales. The same-day disposition at $0.00 commonly reflects shares withheld or transferred under plan rules (for example, to satisfy tax withholding or plan settlement mechanics) rather than a market sale for cash; the filing does not provide additional detail on the reason for the $0.00 disposition.