Cushman & Wakefield (CWK) officer converts RSUs, withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cushman & Wakefield Ltd. officer Andrew R. McDonald reported compensation-related share movements. Previously awarded restricted stock units converted into 10,697 common shares at no cost under the Fourth Amended & Restated 2018 Omnibus Management Share and Cash Incentive Plan. To cover tax obligations, 34,506 common shares were withheld at about $13.84 per share, and McDonald held 455,623 common shares directly after the reported transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,697 shares exercised/converted
Mixed
5 txns
Insider
MCDONALD ANDREW R.
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 10,697 | $0.00 | -- |
| Exercise | Common Shares | 10,697 | $0.00 | -- |
| Tax Withholding | Common Shares | 5,443 | $13.84 | $75K |
| Exercise | Common Shares | 57,120 | $0.00 | -- |
| Tax Withholding | Common Shares | 29,063 | $13.84 | $402K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Shares — 461,066 shares (Direct, null)
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 (the "Fourth A&R Omnibus Plan"). 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. RSUs were granted on July 1, 2023 and vest in three (3) 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: 10,697 common shares
Tax-withholding shares: 34,506 common shares
Tax-withholding price: $13.84 per share
+1 more
4 metrics
RSUs converted
10,697 common shares
Conversion of previously awarded RSUs into common shares at no cost
Tax-withholding shares
34,506 common shares
Total shares delivered to cover tax liability at about $13.84 per share
Tax-withholding price
$13.84 per share
Price used for F-code tax-withholding dispositions of common shares
Shares held after transactions
455,623 common shares
Direct ownership following the reported RSU conversions and tax withholding
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 security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
