Cushman & Wakefield CEO RSUs Vest, Shares Withheld
Cushman & Wakefield Ltd. Chief Executive Officer Michelle Mackay reported equity compensation activity involving restricted stock units that vested into common shares.
Rhea-AI Filing Summary
Cushman & Wakefield Ltd. Chief Executive Officer Michelle Mackay reported equity compensation activity involving restricted stock units that vested into common shares. On July 1, 2026, 24,960 RSUs converted into the same number of common shares under the Fourth Amended & Restated 2018 Omnibus Management Share and Cash Incentive Plan. To satisfy tax obligations related to these and other awards, a total of 87,509 common shares were disposed of through tax-withholding transactions at $13.84 per share, rather than through open-market sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
24,960 shares exercised/converted
Exercise
5 txns
Insider
MACKAY MICHELLE
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 24,960 | $0.00 | $0.00 |
| Exercise | Common Shares | 24,960 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Shares | 13,803 | $13.84 | $191K |
| Exercise | Common Shares | 133,283 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Shares | 73,706 | $13.84 | $1.02M |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Shares — 485,838 shares (Direct)
Footnotes (3)
- 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. 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 A&R Omnibus Plan.
- F3. RSUs were granted on July 1, 2023 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.
Key Figures
RSUs converted: 24,960 shares
Tax-withholding shares: 87,509 shares
Tax-withholding price: $13.84 per share
+2 more
5 metrics
RSUs converted
24,960 shares
Restricted stock units converting into common shares on July 1, 2026
Tax-withholding shares
87,509 shares
Common shares delivered to cover tax liabilities
Tax-withholding price
$13.84 per share
Price used for tax-withholding dispositions of common shares
Derivative exercise events
1 transaction
Exercise or conversion of derivative security reported in summary
Tax-withholding transactions
2 transactions
Code F dispositions to satisfy tax liabilities
Key Terms
Restricted Stock Units, performance-based restricted stock units, Fourth Amended & Restated 2018 Omnibus Management Share and Cash Incentive Plan, tax-withholding disposition, +1 more
5 terms
Restricted Stock Units financial
"Conversion of previously awarded restricted stock units ("RSUs") 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.
performance-based restricted stock units financial
"vesting of common shares earned in respect of performance-based restricted stock units based on the achievement"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"Exercise or conversion of derivative security"
FAQ
What did CWK CEO Michelle Mackay report in this Form 4 filing?
Michelle Mackay reported routine equity compensation activity. Restricted stock units converted into common shares, and some shares were withheld to cover tax obligations, rather than sold in open-market transactions, under the company’s 2018 omnibus incentive plan.
Were these CWK transactions open-market buys or sells by the CEO?
No open-market buys or sells are reported. The Form 4 shows derivative exercises and tax-withholding dispositions, where shares are delivered to cover tax liabilities arising from vested equity awards, rather than voluntary trading in the open market.
What plan governs the CWK RSU conversion reported for Michelle Mackay?
The restricted stock unit conversion is governed by Cushman & Wakefield’s Fourth Amended & Restated 2018 Omnibus Management Share and Cash Incentive Plan. This plan provides for equity-based compensation, including RSU awards that vest and settle in common shares over time.
How are performance-based RSUs described in this CWK Form 4 filing?
Some common shares reflect vesting of performance-based RSUs earned on 2023–2025 targets. The filing explains that awards vest based on the issuer’s achievement of specified performance measures during that period, pursuant to the company’s omnibus incentive plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
