PLAVIN STEPHEN D 4

What Happened

• Stephen D. Plavin, a director of Cushman & Wakefield Ltd. (CWK), was granted 21,841 restricted stock units (RSUs) on May 14, 2026. The grant is reported as a derivative award at $0.00 per share (no cash paid). This is an equity award—not an open-market purchase or sale.

Key Details

• Transaction date: May 14, 2026; Form 4 filed May 18, 2026 (timely — within required 2 business days).
• Award: 21,841 RSUs granted; reported price $0.00 per share (derivative grant).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes: (1) RSUs convert into an equal number of common shares without payment. (2) RSUs vest and settle on May 14, 2027, generally subject to the reporting person's continued board service through vesting.
• No sale, purchase, option exercise, 10b5-1 plan, or tax-withholding disposition was reported in the excerpt.

Context

• RSUs are a form of deferred equity compensation: they do not deliver shares immediately and will convert to common stock only upon vesting (here, one year later). Such grants compensate or retain insiders and do not on their own indicate buying or selling sentiment in the market.