CWK director converts 17,013 RSUs, gets new grant

Cushman & Wakefield Ltd. director Billie Ida Williamson reported routine equity compensation movements involving restricted stock units (RSUs) and common shares.

Rhea-AI Filing Summary

Cushman & Wakefield Ltd. director Billie Ida Williamson reported routine equity compensation movements involving restricted stock units (RSUs) and common shares. On May 15, 2026, previously awarded RSUs converted into 17,013 common shares without any cash payment, under the company’s omnibus non-employee director incentive plan.

Following this conversion, Williamson held 106,005 common shares directly. A day earlier, on May 14, 2026, Williamson received a new grant of 14,041 RSUs that will vest and settle into an equal number of common shares on May 14, 2027, if board service continues through that date. The Form 4 shows no open-market purchases or sales, only compensation-related grants and RSU conversions.

Insider Trade Summary

17,013 shares exercised/converted

Exercise 3 txns

Insider Williamson Billie Ida

Role Director

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

Holdings After Transaction: Restricted Stock Units — 14,041 contracts (Direct); Common Shares — 106,005 shares (Direct)

Footnotes (4)

1. 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 Third Amended & Restated 2018 Omnibus Non-Employee Director Share and Cash Incentive Plan.
2. F2. 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. F3. 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. F4. RSUs were granted on May 15, 2025 and vested and settled on May 15, 2026.

Key Figures

RSUs converted to common shares: 17,013 shares New RSU grant: 14,041 RSUs Shares held after transactions: 106,005 common shares +2 more

5 metrics

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

New RSU grant 14,041 RSUs Grant on May 14, 2026 under 2026 Omnibus Plan

Shares held after transactions 106,005 common shares Direct ownership following RSU conversion

New RSU vesting date May 14, 2027 RSUs vest and settle if board service continues

Prior RSU grant date May 15, 2025 Earlier RSUs that vested and settled May 15, 2026

Key Terms

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

4 terms

Restricted Stock Units financial

"The Form 4 shows activity in "Restricted Stock Units" and related conversions."

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

"The transaction code description notes an "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.

Omnibus Share and Cash Incentive Plan financial

"RSUs were granted under the Cushman & Wakefield Ltd. 2026 Omnibus Share and Cash Incentive Plan."

non-employee director financial

"The plan is titled the Third Amended & Restated 2018 Omnibus Non-Employee Director Share and Cash Incentive Plan."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Cushman & Wakefield (CWK) director Billie Ida Williamson report on this Form 4?

Billie Ida Williamson reported compensation-related equity activity, not open-market trades. Previously granted RSUs converted into 17,013 common shares, and a new grant of 14,041 RSUs was awarded, both under Cushman & Wakefield’s director incentive plans.

How many Cushman & Wakefield (CWK) shares does Billie Ida Williamson hold after these transactions?

After the RSU conversion, Billie Ida Williamson directly holds 106,005 common shares. This reflects settlement of 17,013 previously awarded RSUs into common shares and does not include the 14,041 new RSUs that will vest in 2027.

Were there any open-market buys or sells by Billie Ida Williamson in CWK stock?

No open-market purchases or sales were reported. The Form 4 only shows an RSU grant and the conversion of 17,013 previously granted RSUs into common shares, both as part of Cushman & Wakefield’s equity compensation plans for directors.

What is the new RSU grant disclosed for Cushman & Wakefield (CWK) director Billie Ida Williamson?

Williamson received a grant of 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, assuming continued board service through that vesting date, subject to limited exceptions.

When did Billie Ida Williamson’s earlier RSU award in Cushman & Wakefield (CWK) vest?

An RSU award granted on May 15, 2025 vested and settled on May 15, 2026. That vesting led to the conversion of 17,013 RSUs into 17,013 common shares without any cash consideration under the director incentive plan.

Under which plans were Billie Ida Williamson’s CWK RSU transactions made?

The RSU conversion was under the Third Amended & Restated 2018 Omnibus Non-Employee Director Share and Cash Incentive Plan. The new 14,041 RSU grant was made under the Cushman & Wakefield Ltd. 2026 Omnibus Share and Cash Incentive Plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/18/2026 - 05:39 PM EDT Learn about SEC filing dates

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^*

Williamson Billie Ida

(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)
			Code	V	Amount	(A) or (D)	Price
Common Shares	05/15/2026		M		17,013	A	(1)	106,005	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
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)