Wennes Timothy H 4

What Happened

• Timothy H. Wennes, a director of Cushman & Wakefield Ltd. (CWK), was granted 14,041 restricted stock units (RSUs) on May 14, 2026. The RSUs are derivative awards with an acquisition price of $0.00 (no cash paid) and will convert into the same number of common shares upon settlement. This is an award/grant (not an open-market buy or sale).

Key Details

• Transaction date: May 14, 2026; Filing date (Form 4): May 18, 2026.
• Grant amount: 14,041 RSUs; reported acquisition price: $0.00 (award converts to shares without payment).
• Vesting/settlement: RSUs were granted May 14, 2026 and vest and settle on May 14, 2027, subject (with limited exceptions) to continued board service. (Footnotes F1–F2)
• Shares owned after transaction: not specified in this Form 4.
• Timeliness: The Form 4 was filed four days after the reported grant; Form 4s are generally due within two business days, so this filing appears delayed.

Context

• RSU grants are a form of compensation for directors and are not an immediate purchase signal—no cash was spent and the shares do not vest until May 14, 2027 (subject to service conditions).
• As a derivative/award transaction (code A), these RSUs will convert into common shares if and when vesting conditions are met; they do not indicate an immediate change in market holdings or a sale.