What RSU awards underlie Sayed Laurida’s recent CWK share conversions?

The RSU conversions relate to awards granted on February 23, 2023 and February 22, 2024. Each grant vests in three substantially equal annual installments, subject to continued employment, under Cushman & Wakefield’s Fourth Amended & Restated 2018 Omnibus incentive plan.

Cushman & Wakefield (CWK) officer reports RSU vesting and tax share withholding

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Cushman & Wakefield Ltd. officer Sayed Laurida reported multiple equity award transactions involving restricted stock units (RSUs) and common shares. On February 22 and 23, 2026, previously granted RSUs converted into 6,661 and 2,492 common shares, respectively, at $0.00 per share, reflecting vesting under the company’s omnibus incentive plan. In connection with these vestings, the company withheld 2,306 and 863 common shares at $13.33 and $12.93 per share to satisfy tax obligations through share delivery rather than cash. After these transactions, Laurida directly owned 17,514 common shares.

Insider Trade Summary

9,153 shares exercised/converted

Mixed 6 txns

Insider Sayed Laurida

Role See Remarks

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	2,492	$0.00	--
Exercise	Common Shares	2,492	$0.00	--
Tax Withholding	Common Shares	863	$12.93	$11K
Exercise	Restricted Stock Units	6,661	$0.00	--
Exercise	Common Shares	6,661	$0.00	--
Tax Withholding	Common Shares	2,306	$13.33	$31K

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Shares — 18,377 shares (Direct)

Footnotes (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 Fourth Amended & Restated 2018 Omnibus Management Share and Cash Incentive Plan. RSUs were granted on February 22, 2024 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. RSUs were granted on February 23, 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.

Form 4 Insider Transactions: What Each Field Means →

02/24/2026 - 04:08 PM

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^*

Sayed Laurida

(Last)

(First)

(Middle)

225 WEST WACKER DRIVE

SUITE 3000

(Street)

CHICAGO

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)
02/22/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	02/22/2026		M		6,661	A	$0⁽¹⁾	18,191	D
Common Shares	02/22/2026		F		2,306	D	$13.33	15,885	D
Common Shares	02/23/2026		M		2,492	A	$0⁽¹⁾	18,377	D
Common Shares	02/23/2026		F		863	D	$12.93	17,514	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	02/22/2026		M			6,661	⁽²⁾	⁽²⁾	Common Shares	6,661	$0	6,661	D
Restricted Stock Units	⁽¹⁾	02/23/2026		M			2,492	⁽³⁾	⁽³⁾	Common Shares	2,492	$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 Fourth Amended & Restated 2018 Omnibus Management Share and Cash Incentive Plan.

2. RSUs were granted on February 22, 2024 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.

3. RSUs were granted on February 23, 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.

Remarks:

Chief Accounting Officer

	/s/ Noelle J. Perkins, attorney-in-fact	02/24/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did CWK officer Sayed Laurida report?

Sayed Laurida reported RSU vesting and related share movements. RSUs converted into common shares at $0.00 per share, and a portion of those shares was withheld at set prices to cover tax liabilities, leaving him with directly owned common shares.

How many Cushman & Wakefield (CWK) shares does Sayed Laurida now hold?

After the reported transactions, Sayed Laurida directly owns 17,514 common shares. This figure reflects RSU conversions into common shares and share-withholding transactions for taxes that reduced the gross shares received from the vesting events.

Were Sayed Laurida’s CWK transactions open-market buys or sells?

The transactions were not open-market buys or sells. They involved RSU conversions into common shares at $0.00 per share and tax-withholding dispositions, where shares valued at $13.33 and $12.93 per share were delivered to satisfy tax obligations.

Why were some of Sayed Laurida’s CWK shares disposed of in these transactions?

Shares were disposed of to pay tax liabilities associated with RSU vesting. Instead of paying taxes in cash, 2,306 shares at $13.33 and 863 shares at $12.93 were delivered, a common tax-withholding mechanism in equity compensation programs.

How many CWK shares vested for Sayed Laurida in these Form 4 transactions?

The Form 4 shows RSUs converting into 6,661 common shares on February 22, 2026 and 2,492 common shares on February 23, 2026. These conversions occurred without payment of consideration, reflecting scheduled vesting under the company’s omnibus incentive plan.