[Form 4] Cushman & Wakefield Ltd. Insider Trading Activity

Cushman & Wakefield Ltd. director Rajesh Vennam reported equity compensation activity involving restricted stock units (RSUs).

Rhea-AI Filing Summary

Cushman & Wakefield Ltd. director Rajesh Vennam reported equity compensation activity involving restricted stock units (RSUs). On May 15, he converted 17,013 RSUs into the same number of common shares at no cost under the company’s director incentive plan, bringing his direct common share holdings to 35,516 shares.

On May 14, Vennam also received a new award of 14,041 RSUs that will vest and settle into an equal number of common shares on May 14, 2027, if he continues board service. These are compensation-related grants and conversions rather than open-market buying or selling.

Insider Trade Summary

17,013 shares exercised/converted

Exercise 3 txns

Insider Vennam Rajesh

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 — 35,516 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: 17,013 units Common shares held after: 35,516 shares New RSU grant: 14,041 units +1 more

4 metrics

RSUs converted 17,013 units Converted into 17,013 common shares on May 15, 2026

Common shares held after 35,516 shares Direct common share holdings following RSU conversion

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

RSU vesting date May 14, 2027 Vesting and settlement date for 14,041 granted RSUs

Key Terms

Restricted Stock Units, Third Amended & Restated 2018 Omnibus Non-Employee Director Share and Cash Incentive Plan, Cushman & Wakefield Ltd. 2026 Omnibus Share and Cash Incentive Plan, vest and settle

4 terms

Restricted Stock Units financial

"Restricted Stock Units, transaction_code "A", transaction_type "derivative""

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.

Third Amended & Restated 2018 Omnibus Non-Employee Director Share and Cash Incentive Plan financial

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

Cushman & Wakefield Ltd. 2026 Omnibus Share and Cash Incentive Plan financial

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

vest and settle financial

"RSUs were granted on May 14, 2026 and vest and settle on May 14, 2027"

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

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Accepted by SEC EDGAR 05/18/2026 - 05:33 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^*

Vennam Rajesh

(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)	35,516	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)