Angela Sun at Cushman & Wakefield (CWK) converts 17,013 RSUs and gets new 14,041 RSU grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Cushman & Wakefield Ltd. director Angela Sun reported routine equity compensation activity. On May 15, 2026, previously awarded restricted stock units converted into 17,013 common shares without any cash payment, under the company’s non-employee director incentive plan. The same day, the corresponding 17,013 RSUs were fully settled and reduced to zero. On May 14, 2026, she also received a new grant of 14,041 RSUs that will vest and settle on May 14, 2027, subject to her continued board service. Following these transactions, she directly owns 63,511 common shares.

Insider Trade Summary

17,013 shares exercised/converted

Mixed 3 txns

Insider Sun Angela

Role null

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	17,013	$0.00	--
Exercise	Common Shares	17,013	$0.00	--
Grant/Award	Restricted Stock Units	14,041	$0.00	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Common Shares — 63,511 shares (Direct, null)

Footnotes (1)

Conversion of previously awarded restricted stock units ("RSUs") into an equal number of common shares, without the payment of any consideration, pursuant to the Third Amended & Restated 2018 Omnibus Non-Employee Director Share and Cash Incentive Plan. RSUs granted under the Cushman & Wakefield Ltd. 2026 Omnibus Share and Cash Incentive Plan convert into an equal number of common shares of Cushman & Wakefield Ltd. without the payment of any consideration. RSUs were granted on May 14, 2026 and vest and settle on May 14, 2027 subject, with certain limited exceptions, to the reporting person's continuing board service through such vesting date. RSUs were granted on May 15, 2025 and vested and settled on May 15, 2026.

Key Figures

RSUs converted to shares: 17,013 shares New RSU grant: 14,041 RSUs Shares owned after transactions: 63,511 common shares +2 more

5 metrics

RSUs converted to shares 17,013 shares Conversion of previously awarded RSUs on May 15, 2026

New RSU grant 14,041 RSUs Grant on May 14, 2026, vesting May 14, 2027

Shares owned after transactions 63,511 common shares Direct ownership following May 2026 transactions

Exercise/Conversion price $0.00 per share Stated for RSU conversions and grants

Prior RSU grant vest date May 15, 2026 RSUs granted May 15, 2025, vested and settled

Key Terms

Restricted Stock Units, derivative security, Omnibus Share and Cash Incentive Plan, non-employee director incentive plan

4 terms

Restricted Stock Units financial

"RSUs granted under the Cushman & Wakefield Ltd. 2026 Omnibus Share and Cash Incentive Plan convert into an equal number of common shares"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

non-employee director incentive plan financial

"pursuant to the Third Amended & Restated 2018 Omnibus Non-Employee Director Share and Cash Incentive Plan"

Form 4 Insider Transactions: What Each Field Means →

05/18/2026 - 05:34 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sun Angela

(Last)

(First)

(Middle)

225 WEST WACKER DRIVE

(Street)

CHICAGO

ILLINOIS

60606

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Cushman & Wakefield Ltd. [ CWK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	05/15/2026		M		17,013	A	⁽¹⁾	63,511	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽²⁾	05/14/2026		A		14,041		⁽³⁾	⁽³⁾	Common Shares	14,041	$0	14,041	D
Restricted Stock Units	⁽¹⁾	05/15/2026		M			17,013	⁽⁴⁾	⁽⁴⁾	Common Shares	17,013	$0	0	D

Explanation of Responses:

1. Conversion of previously awarded restricted stock units ("RSUs") into an equal number of common shares, without the payment of any consideration, pursuant to the Third Amended & Restated 2018 Omnibus Non-Employee Director Share and Cash Incentive Plan.

2. RSUs granted under the Cushman & Wakefield Ltd. 2026 Omnibus Share and Cash Incentive Plan convert into an equal number of common shares of Cushman & Wakefield Ltd. without the payment of any consideration.

3. RSUs were granted on May 14, 2026 and vest and settle on May 14, 2027 subject, with certain limited exceptions, to the reporting person's continuing board service through such vesting date.

4. RSUs were granted on May 15, 2025 and vested and settled on May 15, 2026.

Remarks:

	/s/ Noelle J. Perkins, attorney-in-fact	05/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Cushman & Wakefield (CWK) director Angela Sun report?

Angela Sun reported conversion of 17,013 restricted stock units into common shares and a new grant of 14,041 RSUs. These are routine equity compensation events, not open-market purchases or sales, and reflect standard director compensation structures.

How many Cushman & Wakefield (CWK) shares does Angela Sun hold after these transactions?

After the reported transactions, Angela Sun directly holds 63,511 Cushman & Wakefield common shares. This figure reflects the settlement of 17,013 RSUs into shares and does not include any remaining RSUs, which were fully settled in this specific Form 4 report.

What are the terms of Angela Sun’s new RSU grant at Cushman & Wakefield (CWK)?

Angela Sun received 14,041 restricted stock units on May 14, 2026. These RSUs will vest and settle into an equal number of common shares on May 14, 2027, provided she continues her Cushman & Wakefield board service through that vesting date.

Did Angela Sun buy or sell Cushman & Wakefield (CWK) shares on the open market?

The transactions involve RSUs converting into 17,013 common shares and a grant of 14,041 RSUs, all at a stated price of $0.00. They are equity awards and conversions, not open-market share purchases or sales, and involve no cash consideration changing hands.

What plans govern Angela Sun’s equity awards at Cushman & Wakefield (CWK)?

The conversion of 17,013 RSUs into common shares occurred under the Third Amended & Restated 2018 Omnibus Non-Employee Director Share and Cash Incentive Plan. The new 14,041 RSU grant is under the 2026 Omnibus Share and Cash Incentive Plan, per the Form 4 footnotes.