Perkins Noelle J 4

4 · Cushman & Wakefield Ltd. · Filed Jul 6, 2026

AI-generated summary of this filing

Updated Jul 6, 2026

Cushman & Wakefield (CWK) EVP Noelle Perkins Receives RSUs, Sells Shares

What Happened

Noelle J. Perkins, Executive Vice President, Chief Legal Officer & Secretary of Cushman & Wakefield Ltd. (CWK), had restricted stock units (RSUs) convert into common shares on July 1, 2026. The filing shows conversions (exercise/convert derivative (M)) totaling 193,766 shares (30,563 + 163,203).
To cover tax withholding obligations (code F), Perkins had 85,839 shares surrendered at $13.84 each (13,540 + 72,299) for a tax-withholding value of about $1,188,012. The filing also lists a 30,563-share derivative disposal at $0 related to the conversion mechanics.
This was not an open-market purchase or cash sale of newly acquired shares; it reflects RSU vesting/conversion and routine withholding to satisfy tax obligations.

Key Details

Transaction date: July 1, 2026; Form 4 filed July 6, 2026 (filed after the 2-business-day deadline).
Withholding price: $13.84 per share; tax-withheld value ≈ $1,188,012 (total of two withholding entries: $187,394 and $1,000,618).
Shares acquired via conversion: 193,766; shares surrendered for tax withholding: 85,839.
Shares owned following the reported transactions: not stated in the provided filing excerpt.
Footnotes: conversions reflect RSU awards under the Fourth Amended & Restated 2018 Omnibus Plan; some awards were performance-based for the 2023–2025 period and/or vest per a multi-year schedule (see F1–F3).
Filing timeliness: filed July 6 for July 1 transactions — later than the standard 2-business-day Form 4 deadline.

Context

These entries represent RSU conversions (award vesting) and share withholding to satisfy tax liabilities — routine compensation events for executives, not a market buy or directional sell signal.
The presence of performance-based RSUs (F2) indicates part of the converted shares were earned based on company performance for 2023–2025.

Form 4

Period: 2026-07-01

See Remarks

Transactions

Exercise/Conversion
Common Shares
[F1]
2026-07-01+30,563→ 104,520 total
Tax Payment
Common Shares
2026-07-01$13.84/sh−13,540$187,394→ 90,980 total
Exercise/Conversion
Common Shares
[F2]
2026-07-01+163,203→ 254,183 total
Tax Payment
Common Shares
2026-07-01$13.84/sh−72,299$1,000,618→ 181,884 total
Exercise/Conversion
Restricted Stock Units
[F1][F3]
2026-07-01−30,563→ 0 total
→ Common Shares (30,563 underlying)

Footnotes (3)

[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]Represents vesting of common shares earned in respect of performance-based restricted stock units based on the achievement by the Issuer of certain performance targets for the 2023 to 2025 performance period pursuant to the Fourth A&R Omnibus Plan.
[F3]RSUs were granted on July 1, 2023 and vest 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|2026-07-06

1 file