Cushman & Wakefield (CWK) executive logs share vesting and tax-related share disposition

Rhea-AI Filing Summary

Cushman & Wakefield Ltd. executive Nathaniel Robinson reported equity compensation activity involving the company’s common shares. On February 25, 2026, he acquired 53,213 common shares at $0.00 per share through the exercise or conversion of a derivative security, reflecting the vesting of performance-based restricted stock units tied to 2023–2025 performance targets under the company’s omnibus incentive plan.

On the same date, 12,958 common shares were disposed of at $13.76 per share to cover the exercise price or tax withholding obligations. After these transactions, Robinson directly owned 105,656 common shares of Cushman & Wakefield.

Insights

Equity compensation and governance analyst

Routine vesting of performance-based awards with shares withheld for taxes.

The transactions show Nathaniel Robinson receiving equity earned from performance-based restricted stock units for the 2023–2025 period. He acquired 53,213 common shares at $0.00 per share via derivative exercise, consistent with stock-based compensation practices for senior executives.

A separate tax-withholding disposition of 12,958 shares at $13.76 per share was used to satisfy exercise price or tax liabilities. This is a non-open-market transaction and does not represent a discretionary share sale. Afterward, Robinson held 105,656 common shares directly.

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

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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^*

Robinson Nathaniel

(Last) (First) (Middle)

225 WEST WACKER DRIVE

SUITE 3000

(Street)

CHICAGO IL 60606

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

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

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

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

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	02/25/2026		M		53,213(1)	A	$0	118,614	D
Common Shares	02/25/2026		F		12,958	D	$13.76	105,656	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

Explanation of Responses:

1. 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 Amended & Restated 2018 Omnibus Management Share and Cash Incentive Plan.

Remarks:

EVP, Chief Investment & Strategy Officer

	/s/ Noelle J. Perkins, attorney-in-fact	02/27/2026
	** 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.

FAQ

What did Cushman & Wakefield (CWK) executive Nathaniel Robinson report in this Form 4?

Nathaniel Robinson reported equity compensation activity, gaining common shares from vested performance-based restricted stock units and disposing of some shares to cover related costs. These transactions reflect standard executive compensation mechanics rather than open-market buying or selling of Cushman & Wakefield stock.

How many Cushman & Wakefield (CWK) shares did Nathaniel Robinson acquire in the reported transaction?

Robinson acquired 53,213 Cushman & Wakefield common shares at $0.00 per share through the exercise or conversion of a derivative security. This came from vesting performance-based restricted stock units tied to the company’s 2023–2025 performance period under its omnibus incentive compensation plan.

Why did Nathaniel Robinson dispose of Cushman & Wakefield (CWK) shares in this Form 4 filing?

He disposed of 12,958 Cushman & Wakefield common shares at $13.76 per share to pay the exercise price or tax liabilities. This tax-withholding disposition is an administrative step linked to vesting, not an open-market sale reflecting a change in investment view.

How many Cushman & Wakefield (CWK) shares does Nathaniel Robinson own after these transactions?

Following the reported transactions, Nathaniel Robinson directly owns 105,656 Cushman & Wakefield common shares. This post-transaction balance incorporates both the newly vested shares from performance-based awards and the shares withheld to satisfy exercise price or tax obligations related to the vesting.

What plan governed the performance-based awards reported by Cushman & Wakefield (CWK)?

The vesting shares come from performance-based restricted stock units under Cushman & Wakefield’s Fourth Amended & Restated 2018 Omnibus Management Share and Cash Incentive Plan. Vesting depended on achieving specified performance targets over the 2023–2025 performance period outlined in that incentive plan.

Does this Cushman & Wakefield (CWK) Form 4 indicate open-market share purchases or sales by Nathaniel Robinson?

The Form 4 does not show open-market trades. It reports derivative exercise-related share acquisition and a tax-withholding disposition. Shares were acquired at $0.00 per share from vesting awards, and some were delivered back at $13.76 to cover required costs, not discretionary market transactions.