Cushman & Wakefield (NYSE: CWK) director settles 11,873 RSUs into shares
Rhea-AI Filing Summary
Cushman & Wakefield Ltd. director Timothy H. Wennes converted 11,873 previously awarded restricted stock units into 11,873 common shares on August 1, 2026, without paying consideration, upon vesting under the Third Amended & Restated 2018 Omnibus Non-Employee Director Share and Cash Incentive Plan. He now directly holds 11,873 common shares and no RSUs from this grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 11,873 shares
Net Buy
2 txns
Insider
Wennes Timothy H
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2 | 11,873 | $0.00 | $0.00 |
| Exercise | Common Shares F1 | 11,873 | $13.42 | $159K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Shares — 11,873 shares (Direct)
Footnotes (2)
- 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.
- F2. RSUs were granted on August 1, 2025 and vested and settled on August 1, 2026.
Key Figures
RSUs converted: 11,873 units
Common shares acquired: 11,873 shares
Exercises reported: 1 transaction
+1 more
4 metrics
RSUs converted
11,873 units
Restricted Stock Units converted into common shares on August 1, 2026
Common shares acquired
11,873 shares
Common shares received upon RSU settlement by Timothy H. Wennes
Exercises reported
1 transaction
Number of derivative exercises/conversions reported in this Form 4
RSUs remaining from this grant
0 units
Restricted Stock Units remaining after full conversion of this grant
Key Terms
Restricted Stock Units, Third Amended & Restated 2018 Omnibus Non-Employee Director Share and Cash Incentive Plan, vested and settled
3 terms
Restricted Stock Units financial
"Conversion of previously awarded restricted stock units ("RSUs") into"
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.
vested and settled financial
"RSUs were granted on August 1, 2025 and vested and settled on August"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Timothy H. Wennes report for CWK?
Timothy H. Wennes reported converting 11,873 restricted stock units into 11,873 Cushman & Wakefield common shares on August 1, 2026. The RSUs vested that day under the company’s non-employee director incentive plan and were settled without any cash consideration paid.
When were the CWK restricted stock units granted and when did they vest?
The restricted stock units were granted on August 1, 2025 and vested and settled on August 1, 2026. On the vesting date, each RSU converted into one Cushman & Wakefield common share, resulting in delivery of shares to Timothy H. Wennes.
Was Timothy H. Wennes’s CWK transaction under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox was not marked, so this transaction was not affirmatively reported as occurring under a Rule 10b5-1 trading plan. It reflects routine settlement of vested restricted stock units granted to a non-employee director.
What equity plan governed the CWK restricted stock units reported by Timothy H. Wennes?
The restricted stock units were granted under Cushman & Wakefield’s Third Amended & Restated 2018 Omnibus Non-Employee Director Share and Cash Incentive Plan. Upon vesting on August 1, 2026, each RSU converted into one common share delivered to Timothy H. Wennes.