Perkins Noelle J 4
4 · Cushman & Wakefield Ltd. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Cushman & Wakefield (CWK) EVP Noelle Perkins Converts RSUs
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 and had a portion withheld/sold to cover tax obligations. On Feb 27, 2026, 15,406 RSU-derived shares were converted into common stock at no cash cost to the reporting person. To satisfy tax withholding, 4,514 of those shares were disposed at $13.41 per share for proceeds of $60,533. Separately, Perkins was granted 39,711 RSUs on Feb 26, 2026 that vest in three equal annual installments.
Key Details
- Transaction dates: Feb 26, 2026 (grant of 39,711 RSUs); Feb 27, 2026 (conversion/settlement and tax withholding sale).
- Prices and values: Tax-withholding/ disposition of 4,514 shares at $13.41 = $60,533. RSU conversions reported at $0.00 per share (no cash exercise price).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Notable footnotes: Conversions were RSU settlements under the Fourth A&R Omnibus Plan; newly granted RSUs vest in three equal annual installments; the disposition labeled “F” reflects shares surrendered/sold to cover tax liability.
- Timeliness: Form 4 filed Mar 2, 2026 covering Feb 26–27 transactions — filing appears timely.
Context: This was an RSU settlement with shares withheld/sold for taxes (a routine administrative transaction), not an open-market decision to reduce holdings. RSU conversions do not require cash outlay; the tax withholding/sale is common practice and should not be read as a directional buy/sell signal by itself.
Insider Transaction Report
- Exercise/Conversion
Common Shares
[F1]2026-02-27+15,406→ 78,471 total - Tax Payment
Common Shares
2026-02-27$13.41/sh−4,514$60,533→ 73,957 total - Award
Restricted Stock Units
[F2][F3]2026-02-26+39,711→ 39,711 total→ Common Shares (39,711 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-02-27−15,406→ 30,813 total→ Common Shares (15,406 underlying)
Footnotes (4)
- [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]RSUs granted under the Fourth A&R Omnibus Plan convert into an equal number of common shares of Cushman & Wakefield Ltd.
- [F3]On February 26, 2026, the reporting person was granted 39,711 RSUs which will vest and settle in three (3) 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.
- [F4]RSUs were granted on February 27, 2025 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.