Williamson Billie Ida 4

What Happened
Billie Williamson, a director of Cushman & Wakefield Ltd. (CWK), had previously awarded restricted stock units (RSUs) vest and convert into 17,013 common shares on May 15, 2026 (reported with $0 consideration). She was also granted 14,041 new RSUs on May 14, 2026 (reported as an award, $0). No cash was paid or received in these transactions.

Key Details

• Transaction dates: RSU grant — May 14, 2026 (14,041 RSUs, $0); RSU vest/settle (conversion) — May 15, 2026 (17,013 RSUs → 17,013 common shares, $0).
• Transaction codes: A = Award/Grant (14,041 RSUs); M = Conversion/settlement of derivative (17,013).
• Reported consideration: $0 for all items (RSUs convert to shares without payment per footnotes).
• Vesting schedule: The May 14, 2026 RSUs vest/settle on May 14, 2027 subject to continued board service; the May 15, 2025 RSUs vested and settled on May 15, 2026.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing timeliness: Form 4 filed May 18, 2026; filing appears to be timely relative to the reported transaction dates.
• Footnotes: Clarify that conversions were pursuant to company omnibus plans and involved no cash payment.

Context
These entries reflect routine equity compensation for a non-employee director (RSU grants and vesting/settlement), not open-market purchases or sales. The reported $0 consideration and footnotes indicate conversion/settlement of RSUs into common shares rather than a cash exercise or market sale. Such awards and vesting are standard director compensation and do not by themselves indicate a buy/sell sentiment.